Editing SEEDS Glossary
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=Peer-to-Peer Exchanges= | =Peer-to-Peer Exchanges= | ||
Where the people of SEEDS exchange their various currencies directly with each other as opposed to through centralized exchanges. I.e. Bob can trade Joe 100 USD for 100 Seeds by sending Joe 100 USD directly to his bank account. This is mediated by escrowed smart contracts. | Where the people of SEEDS exchange their various currencies directly with each other as opposed to through centralized exchanges. I.e. Bob can trade Joe 100 USD for 100 Seeds by sending Joe 100 USD directly to his bank account. This is mediated by escrowed smart contracts. | ||
=Planted Seeds= | =Planted Seeds= | ||
Staked, locked away, similar to a “term deposit”. When Seeds are Planted, accounts restrict their access to them in exchange for a higher Contribution Score and increased bandwidth for transactions. This ensures that people who are using the network are financially committed to the network. | Staked, locked away, similar to a “term deposit”. When Seeds are Planted, accounts restrict their access to them in exchange for a higher Contribution Score and increased bandwidth for transactions. This ensures that people who are using the network are financially committed to the network. |