Waterfall: Salto Collazo. Tokenomics

Grybniak, Sergii; Leonchyk, Yevhen; Masalskyi, Ruslan; Mazurok, Igor; Nashyvan, Oleksandr

doi:10.1109/smartblock4health56071.2022.10034521

Cited by 5 publications

(1 citation statement)

References 15 publications

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“…This paper is an extension of work originally presented in the proceedings of the IEEE International Conference on Blockchain, Smart Healthcare, and Emerging Technologies [1] and presents a high-level economic design of decentralized public networks such as blockchains, blockDAGs (Directed Acyclic Graphs consisting of linked blocks), etc.…”

Section: Problem Statementmentioning

confidence: 99%

Waterfall: Salto Collazo. High-Level Design of Tokenomics

Grybniak¹,

Leonchyk²,

Mazurok³

et al. 2023

Adv. sci. technol. eng. syst. j.

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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.

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Section: Problem Statementmentioning

confidence: 99%