diff --git a/concepts/consensus-algorithm.md b/concepts/consensus-algorithm.md index d428f9c..c8a3b46 100644 --- a/concepts/consensus-algorithm.md +++ b/concepts/consensus-algorithm.md @@ -1,12 +1,25 @@ # Consensus Algorithm -A mechanism by which data is syncronized across computer and kept in a consistent state. +A mechanism by which data is synchronised across computer and kept in a consistent state. ## Proof of Work +An algorithm where blocks in the blockchain are validated by the consumption of physical resources (energy, compute cycles) to solve hash-function inversion problems to create a global sortition function. + ## Proof of Stake +An algorithm where blocks in the blockchain are validated by the staking of on-chain assets to provide a weighted global sortition function where virtual wealth corresponds to probabilistic governance. + ## Proof of Authority +An algorithm where blocks in the blockchain are validated by a closed and fixed set of pre-selected authorities which confirm transactions via quorum voting. Often uses mechanisms from classical computer science algorithms such as Paxos and Raft. + ## Proof of Space +An algorithm where blocks in the blockchain are validated by the consumption of digital resources such as random access memory or disk space. The global sortition functions weighted based on the size and availability of these digital space resources. + +## Hashgraphs + + + + diff --git a/concepts/crypto-exchange.md b/concepts/crypto-exchange.md index 99ac7a8..ecad511 100644 --- a/concepts/crypto-exchange.md +++ b/concepts/crypto-exchange.md @@ -1,2 +1,2 @@ # Crypto Exchanges -A corporate entity that acts as an interemdiary between people to exchange currency for crypto assets. See [[market-manipulation]]. \ No newline at end of file +A corporate entity that acts as an interemdiary between people to exchange currency for crypto assets. See [market-manipulation](market-manipulation.md). \ No newline at end of file diff --git a/concepts/cryptoasset.md b/concepts/cryptoasset.md index 3a6a4b5..a14bc36 100644 --- a/concepts/cryptoasset.md +++ b/concepts/cryptoasset.md @@ -1,3 +1,13 @@ # Crypto Asset -A digital asset that is traded on a [[blockchain]]. \ No newline at end of file +A digital asset that is traded on a [[blockchain]]. + +## Comparables + +* Zero-coupon perpetual bond +* Unspendable currency +* [equity](concepts/security.md) with no cash flows or dividends +* Commodity with no use value +* Exchange traded pyramid schemes +* Derivative contract with no underlying? +* [libertarianism](ideologies/libertarianism.md) performance art diff --git a/concepts/currency-peg.md b/concepts/currency-peg.md index e69de29..500381a 100644 --- a/concepts/currency-peg.md +++ b/concepts/currency-peg.md @@ -0,0 +1,2 @@ +# Currency Peg + diff --git a/concepts/currency.md b/concepts/currency.md index d338021..d8e4c7c 100644 --- a/concepts/currency.md +++ b/concepts/currency.md @@ -1,6 +1,6 @@ # Currency -Money is any item or verifiable record that is accepted as payment for goods and services and repayment of debts and payment of national obligations, such as taxes, in a particular jurisdiction. Issued by a [[central-banks]]. +Money is any item or verifiable record that is accepted as payment for goods and services and repayment of debts and payment of national obligations, such as taxes, in a particular jurisdiction. Issued by a [central-banks](central-banks.md). ## Properties diff --git a/concepts/ico.md b/concepts/ico.md index 199d374..c4a9de5 100644 --- a/concepts/ico.md +++ b/concepts/ico.md @@ -1,6 +1,6 @@ # Initial Coin Offerings -Initial coin offerings are proxy [[securities|equity]] fundraising structure that allows enterpeuers to raise crypto assets in a common enterprise outside of existing securities regulation. +Initial coin offerings are proxy [equity](security.md) fundraising structure that allows enterpeuers to raise crypto assets in a common enterprise outside of existing securities regulation. ## Citations diff --git a/concepts/introduction.md b/concepts/introduction.md index 4a81846..0b5b1e7 100644 --- a/concepts/introduction.md +++ b/concepts/introduction.md @@ -1,6 +1,6 @@ # Introduction -[[web3]] is a huge phenomenon but it can be hard to make sense of. We’re launching this collaborative initiative to address this. This page serves as a spine for all concepts related to the topic. +[web3](web3.md) is a huge phenomenon but it can be hard to make sense of. We’re launching this collaborative initiative to address this. This page serves as a spine for all concepts related to the topic. ## Economics @@ -28,6 +28,7 @@ * [ransomware](ransomware.md) * [smart-contracts](smart-contracts.md) * [stablecoin](stablecoin.md) +* [mining](mining.md) ## Regulation @@ -37,9 +38,9 @@ ## Ideologies -* [market-fundamentalism](market-fundamentalism.md) -* [austrian-economics](austrian-economics.md) -* [libertarianism](libertarianism.md) -* [technosolutionism](technosolutionism.md) -* [keynsian-economics](keynsian-economics.md) +* [market-fundamentalism](/ideologies/market-fundamentalism.md) +* [austrian-economics](/ideologies/austrian-economics.md) +* [libertarianism](/idelogies/libertarianism.md) +* [technosolutionism](/ideologies/technosolutionism.md) +* [keynsian-economics](/ideologies/keynsian-economics.md) diff --git a/concepts/nft.md b/concepts/nft.md index 81f7000..bc0dfa6 100644 --- a/concepts/nft.md +++ b/concepts/nft.md @@ -1,3 +1,3 @@ # Non Fungible Token -A type of [[smart-contracts]] that associates a tradable [[cryptoasset]] with a unique piece of data, often a url to hosted image representing some abstract or percieved notion of ownership in art. \ No newline at end of file +A type of [smart-contracts](smart-contracts.md) that associates a tradable [cryptoasset](cryptoasset.md) with a unique piece of data, often a url to hosted image representing some abstract or percieved notion of ownership in art. \ No newline at end of file diff --git a/concepts/smart-contracts.md b/concepts/smart-contracts.md index 224fc5f..fe2f48d 100644 --- a/concepts/smart-contracts.md +++ b/concepts/smart-contracts.md @@ -1,10 +1,10 @@ # Smart Contracts -A unit of programmable logic that is stored on a [[blockchain]] and executed as part of a [[consensus-algorithm]]. +A unit of programmable logic that is stored on a [blockchain](blockchain.md) and executed as part of a [consensus-algorithm](consensus-algorithm.md). -## Examples: +## Examples * ERC20 -* [[dao]] -* [[ico]] -* [[AMM]] -* [[DEX]] \ No newline at end of file +* [dao](dao.md) +* [ico](ico.md) +* [AMM](AMM.md) +* [DEX](DEX.md) \ No newline at end of file diff --git a/concepts/stablecoin.md b/concepts/stablecoin.md index 37e1019..d51d56e 100644 --- a/concepts/stablecoin.md +++ b/concepts/stablecoin.md @@ -1,3 +1,3 @@ # Stablecoin -A crypto asset that is pegged ([[currLency-peg]]) to a real world [currency](currency.md) such as the dollar or euro. Stablecoins may be issued on multiple [blockchain](blockchain.md). +A crypto asset that is pegged ([currLency-peg](currLency-peg.md)) to a real world [currency](currency.md) such as the dollar or euro. Stablecoins may be issued on multiple [blockchain](blockchain.md). diff --git a/concepts/web3.md b/concepts/web3.md index 972b5db..c68c5fb 100644 --- a/concepts/web3.md +++ b/concepts/web3.md @@ -1,5 +1,5 @@ # Web3 -An umbrella marketing term for a variety of endeveaours to integrate [[cryptoasset]], [[nft]], [[dao]], [[defi]] and [[smart-contracts]] into existing internet infrastructure. +An umbrella marketing term for a variety of endeveaours to integrate [cryptoasset](cryptoasset.md), [nft](nft.md), [dao](dao.md), [defi](defi.md) and [smart-contracts](smart-contracts.md) into existing internet infrastructure. ## Citations diff --git a/concepts/zero-sum-game.md b/concepts/zero-sum-game.md index 3a7d621..e2e92c5 100644 --- a/concepts/zero-sum-game.md +++ b/concepts/zero-sum-game.md @@ -2,4 +2,8 @@ An economic game in which involves two sides and where the result is an advantage for one side and a loss for the other. The sum of all gains and losses across all players sums to zero. -Investing in crypto tokens is neccesarily a zero sum games before considering the cost of transactions and network maintenance. \ No newline at end of file +Investing in crypto tokens is necessarily a zero sum games before considering the cost of transactions and network maintenance. + +## Negative Sum Games + +An economic game where all gains and losses across all players sums to a negative quantity.