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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 layer
The first layer of the blockchain, sometimes aptly named ‘layer-1’ or implementation layer, this layer implements the protocol. It refers to the core architecture of the blockchain and is responsible for the entire network’s rules and parameters, including its consensus mechanism, computing language, block time, and anything else which ensures base-level functionality. On Polymesh, security and compliance are baked-in to the protocol layer, which defines how operations like staking and governance will work.
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