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What is the difference between Daedalus and Yoroi wallets?

Olga Hryniuk
WalletDaedalus+ 2
Daedalus is a full-node wallet for desktop or laptop computers. It downloads and synchronizes the entire Cardano blockchain, which takes more time and requires significant storage space. Yoroi is a light-node wallet, which means that it gets data from the source with full blockchain access. This eliminates the need to download the full blockchain history, wh...
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On which systems does Daedalus run?

Olga Hryniuk
DaedalusWallet+ 1
Daedalus runs on Windows, Mac, and Linux operating systems. You should download it only from the official Daedalus website.
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What is Daedalus?

Olga Hryniuk
DaedalusCryptocurrency wallet+ 1
Daedalus is one of Cardano's official wallets, along with Yoroi. Developed by IOG, Daedalus is the open-source desktop software wallet of choice for storing ada. It's a full-node wallet, which means the full Cardano blockchain needs to be downloaded, and each transaction is verified for maximum user security.
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How to store ada?

Olga Hryniuk
adaWallet+ 1
It is highly not recommended to store ada or any cryptocurrency on exchanges, as this increases the risk of funds loss. Daedalus and Yoroi are official Cardano wallets that are safe and secure for storing ada. They also provide users with a possibility to delegate ada to stake pools and earn passive rewards. Many other wallets also support ada.
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What is a non-fungible token (NFT)?

Olga Hryniuk
Non-fungibleNon-fungible token+ 1
A non-fungible token (NFT) is a unique token on a blockchain. It might be a digital work of art, or an object bought in an online game. NFTs confer proof of ownership and are bought and sold online.
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What does fungible mean?

Olga Hryniuk
Fungible
A fungible item is identical to many others. Shares in a company, gold, and currencies are all fungible. Cryptos are usually fungible, but there are also unique, non-fungible tokens (NFTs).
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How to create Cardano native tokens?

Olga Hryniuk
Native tokens
Unlike Ethereum-based tokens created using smart contracts, Cardano native tokens run on the same blockchain layer as the ada cryptocurrency. Cardano’s architecture makes native tokens more secure and reduces the fees associated with transactions. Go to developers.cardano.org to find out how to create tokens on Cardano.
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What is ada? What’s in a name?

Olga Hryniuk
ada
Ada is Cardano’s native currency. It is named after Ada Lovelace, the English mathematician and programmer. Ada became the first cryptocurrency to run on Cardano, in 2017. One ada equals 1,000,000 lovelaces. Lovelace is the smallest unit of ada. A lovelace is to ada what a satoshi is to bitcoin.
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What is mining?

Olga Hryniuk
MiningProof of work
Mining is the process of creating coins in proof-of-work blockchains such as Bitcoin and Ethereum. Mining rigs (dedicated computers) consume huge amounts of energy to solve mathematical puzzles.
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What is proof of work (PoW)?

Olga Hryniuk
ConsensusProof of work+ 1
In proof-of-work (PoW) blockchains, such as Bitcoin and Ethereum, coins are created by miners who use huge amounts of energy doing ‘work’ – in this case, solving worthless mathematical problems. Later blockchains, such as Cardano, use proof of stake.
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What are Babel fees?

Olga Hryniuk
FeesBabel fees+ 1
This is a mechanism that allows transaction fees to be paid in tokens other than ada. This ensures enhanced interoperability and convenience.
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What are Cardano fees?

Olga Hryniuk
CardanoFees
A fee is the amount of ada charged for processing a transaction on Cardano. Fees contribute to the network's financial health and development, and prevent economic attacks. Cardano’s deterministic nature ensures that fees are stable, predictable, and low in comparison to such proof-of-work blockchains like Ethereum, for example.
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What is a hard fork combinator?

Olga Hryniuk
CardanoHard fork+ 2
A hard fork is a radical change to a blockchain protocol, which commonly results in one or more new protocols. The history of previous transactions is then lost and a new ‘forked’ protocol becomes the main one. Cardano’s unique hard fork combinator technology enables smooth protocol upgrades without disruption for users and saves the chain history of all ope...
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What is a genesis block?

Olga Hryniuk
block
The genesis block is the first block of a blockchain. All subsequent blocks can trace their lineage back to the genesis block.
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What are blocks, slots, and epochs? 

Olga Hryniuk
Cardano
Time on Cardano is divided into epochs. Each epoch is divided into slots – a short period of time in which a block can be created. Blocks carry information about recent transactions and their data, and are linked to the previous and next block creating an immutable chain of records. A Cardano epoch includes 432,000 slots (5 days).
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Is Cardano independently verified?

Olga Hryniuk
Cardano
Development on Cardano is driven by peer-reviewed research. This means that before any feature is implemented, it undergoes scientific review and verification by academics. In addition, Quantstamp, a blockchain security specialist, has independently audited Cardano for quality and safety. After the audit, Quantstamp’s chief executive Richard Ma said Cardano ...
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What makes Cardano a third-generation blockchain?

Olga Hryniuk
Cardano
Bitcoin and Ethereum are first- and second-generation proof-of-work blockchains. Cardano is known as the third-generation blockchain because it uses greener proof-of-stake technology and aims to resolve other issues with the previous generations. In particular, Cardano aims to ensure higher performance, resolve scalability and interoperability issues, and en...
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What is Cardano? 

Olga Hryniuk
Cardano
Cardano is an open-source, proof-of-stake, public blockchain, the first to be founded on peer-reviewed research and development through evidence-based methods. Cardano combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies. Cardano exists to redistribute power from unaccounta...
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