Covenant-enabled transactions are a type of smart contract mechanism in blockchain systems that allow rules to be set on how coins can be spent in the future. With covenants, you can restrict or specify the conditions under which a transaction output can be used, such as who can spend it, when, or how. This helps…
Category: Token Economics
MEV Auctions
MEV auctions are systems used in blockchain networks to decide which transactions are included in a block and in what order, based on bids. MEV stands for maximal extractable value, which is the extra profit that can be made by rearranging or inserting certain transactions. These auctions allow different parties to compete for the right…
Dynamic Fee Structures
Dynamic fee structures are pricing systems that adjust their fees based on changing factors like demand, time, or resource availability. Instead of having a fixed price for all customers or transactions, the cost can increase or decrease depending on real-time conditions. This approach helps businesses respond quickly to market changes and better allocate resources.
Fee Market Mechanisms
Fee market mechanisms are systems used in blockchains and other digital platforms to determine how much users pay to have their transactions or actions processed. These mechanisms help manage network congestion by encouraging users to pay higher fees when demand is high, ensuring important or urgent transactions are prioritised. They also provide incentives for those…
Blockspace Markets
Blockspace markets refer to the buying and selling of space within blocks on a blockchain. Every blockchain block has limited capacity, so users compete to have their transactions included by offering fees to validators or miners. This competition creates a market where transaction fees can rise or fall depending on demand and available blockspace. Blockspace…
Re-staking Mechanisms
Re-staking mechanisms are systems that allow users to use the same staked assets across multiple protocols or networks, increasing the utility of their tokens. Instead of locking tokens for just one purpose, re-staking lets those tokens help secure several services or blockchains at once. This can improve efficiency and provide users with additional rewards or…
Liquid Staking
Liquid staking is a process that allows users to stake their cryptocurrency tokens in a network and still be able to use or trade a representation of those tokens. Normally, staking locks up funds, making them unavailable for other uses, but liquid staking issues a separate token that represents the staked amount. This means users…
Staking Pools
Staking pools are groups where people combine their digital coins to increase their chances of earning rewards in blockchain networks that use proof-of-stake. Rather than staking coins alone, which can require a large amount of money, individuals can join a pool and share the rewards based on how much they contribute. This makes it easier…
Economic Security in Blockchain
Economic security in blockchain refers to the measures and incentives that protect a blockchain network from attacks or manipulation by making it costly or unprofitable to do so. It involves designing systems where honest participation is more rewarding than dishonest behaviour. This helps ensure that transactions remain trustworthy and the network operates smoothly.
Proof of Importance
Proof of Importance is a consensus mechanism used in some blockchain networks to decide who gets to add the next block of transactions. Unlike Proof of Work or Proof of Stake, it considers how active a participant is in the network, not just how much cryptocurrency they own or how much computing power they have….