Year: 2023
Type: article
Abstract: This article explains the fundamental principles of the economic policy that are integrated into the decentralized public platform Waterfall. The platform has a DAG (Directed Acyclic Graph) based system architecture and is designed to develop decentralized applications and financial services. The main goal of this work is to create a favorable environment that incentivizes positive behavior from each network participant and from the system as a whole. Economic leverages ensure general equilibrium to provide an optimal data replication ratio, attack protection, and affordable transaction fees. Although this model of tokenomic is designed explicitly for the current version of the Waterfall platform named Salto Collazo, the presented approaches possess the potential to be applied across a broad spectrum of decentralized public platforms, owing to their inherent transparency and a set of tuned parameters.
DOI: 10.25046/aj080326
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4382787092