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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
Protocol
The set of crypto-economic rules that govern how the blockchain operates, such as how and which kind of data is distributed and how consensus is maintained across the network. Most blockchains have one protocol each, and one native token per protocol. Using the native token, protocols create financial incentives that drive the network of participants and coordinate their behaviour for the continued operation of the chain.
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