Foundations

Core frameworks and foundational concepts used to understand blockchain systems, including incentives, market structure, settlement, custody, and systemic risk.

Frameworks

Custody ≠ Ownership: A Structural Framework for Control Risk

A structural framework that distinguishes ownership from custody, explaining how control, access, and risk diverge under stress.

Frameworks

Framework - Settlement Speed vs Settlement Finality

A framework examining the tradeoff between settlement speed and settlement finality, and how design choices affect risk and trust in blockchain systems.