A proposed mechanism that would let users pay transaction fees using native tokens instead of ada. It is not yet live on mainnet. Liquidity providers, such as stake pool operators or independent third parties, would offer exchange rates for the tokens they accept and supply the matching ada. The fees still settle in ada behind the scenes, keeping ada central to the ecosystem while enabling broader participation. The design is made possible by Cardano's eUTXO model. See Native Tokens on the Developer Portal.
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- eUTXOCardano's extension of the UTXO accounting model; each output can carry datum and script logic, so smart contracts express rules without the shared mutable state used by account-based chains.View term
- Native TokenA token created and managed directly on the Cardano blockchain using its built-in token functionality, without requiring smart contracts.View term
- Stake PoolA server node that participates in the Cardano network by validating transactions and producing blocks.View term