Polymesh Glossary

Contents
Overview
Decentralization, governance, and transaction finality
Decentralization
Permissioned blockchain
Governance
Transaction Finality
Forks
The Cryptoeconomic system: consensus, proof–of–stake, and who’s involved
Consensus mechanism
Proof-of-stake (PoS)
Proof-of-work (PoW)
Nominated proof-of-stake (NPoS)
Nodes
Tokenization, tokens, and their types and standards
Digital assets
Tokenization
Security token
Network protocol token
Utility token
DLT, blockchain, and the different types and layers
Distributed ledger technology (DLT)
Blockchain
General-purpose blockchain
Purpose-built blockchain
Testnet

Mainnet

A project’s main blockchain network. Unlike the testnet, the Mainnet makes the chain available for use in a way that supports the project’s functionality and delivers value to users by tying tokens to real value, enabling users to make live ‘real-world’ transactions.

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About Polymesh
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Key Pillars
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