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Polymesh Glossary
Contents
Overview
Decentralization, governance, and transaction finality
The Cryptoeconomic system: consensus, proof–of–stake, and who’s involved
Tokenization, tokens, and their types and standards
DLT, blockchain, and the different types and layers
General-purpose blockchain
A blockchain designed for multiple use-cases. Taking a lowest common denominator approach, these chains typically have few primitives or features built into their core. Instead, elements like security tokens and their associated ownership, transfer, and other restrictions are implemented as smart contracts on top of the blockchain. However, this ultimately results in scalability and performance challenges.
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