/biz/ - Business & Finance

Again. 30k Link stack. Smart contract are the future and so are crypto-derivatives.

CRYPTO-DERIVATIVES

Cryptocommodities, very simply, are raw resources used for blockchain transactions. The main examples are various forms of blockchain memory (e.g., block space or space in a UTXO set) or computation (e.g., gas in Ethereum). Cryptocommodities are analogous to physical commodities (e.g., food, grain, lumber, metal) that are traded in traditional financial markets.

* They're called derivatives cause they DERIVE their price from the price of the underlying asset.

Project Chicago wants to bring derivatives to crypto. Not using smart contracts in traditional derivative markets, but creating a new derogate market based on crypto commodities - these are forms of computation or block space, rather than traditional commodities like oranges or rice.

https://projectchicago.io