Glossary for Hypercerts
📖 Purpose of this glossary
Consistent terms and wording make learning faster. The systemic benefits of hypercerts depend on its indepentend adoption by projects across the globe. A clear vocabulary makes it easier to exchange thoughts and collaboratively improve hypercerts and the world around us.
| Term | Description | Instead of | Protocol Entity* |
|---|---|---|---|
| Contributor | The parties contributing to a unit of impact claimed by a hypercert. | ☑️ | |
| Evaluator | A party that assesses whether a given hypercert represents a legimate claim to the underlying work and impact. Evaluators typically look at the Project or talks with Contributors. | - | |
| Fraction | Represents a tradeable part of a hypercert. Can be split further, Fractions of the same hypercert can be merged into a larger fraction. Fractions are implemented as semi-fungible (EIP-3525) → tokens. | ☑️ | |
| Funder | Any party buying fractions of a hypercert or promising to do so (retrospective funder). | - | |
| Funder, retrospective | Any party promising to buy fractions of a hypercert. | - | |
| Hypercert | A claim in the impact space, i.e. a unique statement about work on a public good, its contributors, and its impact, constrainted in time. Hypercerts consist of 1...n fractions. br /> Under the hood, a hypercert corresponds to a slot as defined in EIP-3525. | ☑️ | |
| Impact | Not defined by the protocol but negotiated between minters and funders. | - | |
| Minter | The party minting a hypercert. Typically part of the same project as the hypercert's Contributors. | ☑️ | |
| Project | Typically, Contributors collaboratively create impact and claim hypercerts by working together on one or more Projects. | - | |
| Slot | Important implementation detail. Hypercerts are represented by slots as defined in EIP-3525. All fractions (tokens) assigned to the same slot form a hypercert. | ☑️ | |
| Token | Important Implementation detail. Tokens represent fraction and are the tradeable unit of a hypercert. | ☑️ |
*) Some terms represent entitites that exist on the hypercert protocol lebel. Others are part of our glossary only to make documentation and conversation easier.