DYOR Crypto Wiki
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After great community collaboration DYOR has rebranded into CryptoWiki.me 🥳 a moment to celebrate!

From now on all new information will be added within the CryptoWiki.mecommunity website! No longer over here. So be sure to move over to stay on top of new research developments!

Same content - better & cleaner experience 🤝

DYOR started out in 2015 on Fandom and has now grown to ~3500 pages on CryptoWiki.me 🤩

All the information that you can find in these pages is public knowledge with sources provided. The community is encouraged to add truthful and unbiased entries to further this body of work.

Follow @cryptowiki_me on Twitter to be up to date on pages being created or edited.

Basics

"The lack of required belief that another party will behave in the the manner specified beforehand."

"Maximal, complete, and uncompromising assurances that a counterparty will behave as intended"

So it boils down to this:

  1. You can always access your money
  2. No one else can access your money

Using this framework for evaluating DeFi applications, the level of ‘trustlessness’ in the system extends far beyond ‘admin key risk’."

Cryptoeconomics

  • From Eric Wall (1-5-2021):

"cryptoeconomic security is the concept of making evil actions cost more for the attacker than what the upside is. It is about creating systems that punish evil actors financially for not doing what they’re desired to do, so much that you as a user can rely on them to act faithfully in alignment with a protocol’s mission. In a cryptoeconomic system, you don’t need to trust that people are honest. You just trust that people are economically rational and are doing what’s best for themselves financially. This principle is the core, or atleast it was supposed to be the core, of all that underpins the modern public blockchain invention: the idea that we can build trustless systems and do away with trusted points of failure."

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