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Merge pull request #285 from sora-xor/mistakes-tbcd
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Fix small issues and mistyping
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AndreyKortosov authored Jul 17, 2024
2 parents 4125be0 + ca18cad commit f561416
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3 changes: 3 additions & 0 deletions src/consensus.md
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Expand Up @@ -15,11 +15,13 @@ The SORA network relies on a **NPoS (Nominated Proof-of-Stake)** mechanism in or
NPOS is a variation of the standard Proof of Stake (PoS) model. It involves network participants nominating validators who are responsible for validating transactions and creating new blocks. This method not only reduces the energy consumption drastically compared to PoW (Proof of Work) but also enhances security and decentralization.

### Advantages of NPOS:

**Energy Efficiency:** Unlike PoW systems, NPOS does not require extensive computational power, making it a more sustainable and environmentally friendly option.
**Security:** The staking and slashing mechanisms make it expensive for anyone to attempt malicious activities, enhancing the overall security of the blockchain.
**Decentralization:** NPOS encourages broader participation from the community, leading to a more decentralized network compared to PoW.

### Comparing NPOS with Other Consensus Mechanisms

**NPOS vs. PoW:**
PoW, exemplified by Bitcoin, requires significant computational effort to mine blocks, leading to higher energy consumption.
NPOS, in contrast, relies on staking and nominations, drastically reducing energy usage.
Expand All @@ -29,6 +31,7 @@ Standard PoS allows all stakeholders to participate in block validation directly
NPOS introduces the concept of nominations, adding an extra layer of community involvement and decision-making.

### Differences between PoS and NPoS:

**Role separation**
PoS has validators only, while NPoS splits the roles between validators and nominators.

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9 changes: 5 additions & 4 deletions src/tbcd.md
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Expand Up @@ -13,9 +13,9 @@ head:

<center><img src=".gitbook/assets/tbcd.svg" width="250"></center>

- Token Bonding Curve Dollars (TBCD) is a newly proposed, algorithmic, non-synthetic stablecoin that has its value maintained by the SORA token bonding curve
- TBCD is created to be worth slightly less than $1 when XOR is far lower than the price point on the token bonding curve, reducing sell pressure to XOR when the price of XOR is low
- TBCD will help to build up reserves in the SORA token bonding curve, while also being used to fund the creation of new goods and services via an on-chain referendum decided by all XOR token holders
- Token Bonding Curve Dollars (TBCD) is an algorithmic, non-synthetic stablecoin whose value is maintained by the SORA token bonding curve.
- TBCD is created to be worth slightly less than $1 when XOR is far lower than the price point on the token bonding curve, reducing sell pressure to XOR when the price of XOR is low.
- TBCD helped build up reserves in the SORA token bonding curve, while also used to fund the creation of new goods and services via an on-chain referendum decided by all XOR token holders.
- 10% of the reminted [PSWAP](./pswap) is allocated to buyback-and-burn TBCD. Similarly, 10% of the reminted [VAL](./val) is allocated to buyback-and-burn TBCD.
Additionally, 0.5% of the [TBC margin](./tbc.md#why-is-the-token-bonding-curve-useful) is directed towards buyback-and-burning of TBCD.

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## Algorithmic Central Banking

TBCD is a great example showcasing the possibilities of the SORA token bonding curve to create monetary innovation for the SORA economy. TBCD solves both the question of how to fund the SORA economy’s productive expansion (the creation of new goods and services) and how to build up reserves in the token bonding curve to create a backing aimed at increasing the stability of XOR. By minting TBCD via on-chain referendum, builders can get the resources they need to buidl up the SORA economy and platform, while any TBCD they sell to the SORA token bonding curve will be owned by the SORA ecosystem as protocol-owned liquidity.
TBCD was a great example showcasing the possibilities of the SORA token bonding curve to create monetary innovation for the SORA economy.
TBCD sought to solve both the question of how to fund the SORA economy’s productive expansion (the creation of new goods and services) and how to build up reserves in the token bonding curve to create a backing to increase the stability of XOR. By minting TBCD via on-chain referendum, builders could get the resources they need to build up the SORA economy and platform. At the same time, the SORA ecosystem owns any TBCD sold to the SORA token bonding curve as protocol-owned liquidity.

While not operating at the official token bonding curve price, TBCD
still acts as a form of “training wheels” for the SORA economy, where
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