THE CODEX
Decoding the language of the machine economy.
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MKVLI
The native dual-value token of the RENSNCE ecosystem, featuring both a guaranteed floor price ($1.11) and speculative value based on its unique provenance history from VRDI participation.
Provenance Chain
A cryptographic record appended to each MKVLI token, documenting every VRDI participation, impact metric, and recipient confirmation—creating a unique "story" for each token.
Debt Instrument Object
A tokenized debt contract (DIO) representing a loan agreement, repayment schedule, and collateral terms, all encoded as an on-chain NFT.
Verified Resource Delivery Instrument
A tamper-proof on-chain certificate (VRDI) proving that a specific resource—aid, goods, or services—was delivered, verified, and received by the intended recipient.
The Reserve
The on-chain treasury backing the MKVLI floor price, holding diversified assets (stablecoins, tokenized bonds, DIO interest) and providing instant liquidity at $1.11 per token.
Underwriter AI
The algorithmic credit assessment engine that evaluates DIO proposals using alternative data, explainable AI, and real-time risk monitoring.
Floor Price
The guaranteed minimum value ($1.11) at which any MKVLI token can be redeemed against the Reserve, providing downside protection regardless of market conditions.
Neuromimetic Architecture
A system design philosophy that mimics biological neural networks, allowing decentralized nodes to self-organize and optimize without central direction.
DePIN
Decentralized Physical Infrastructure Networks—protocols that incentivize the rollout of real-world hardware (sensors, solar panels, wifi) using cryptographic tokens.
RWA Tokenization
The process of creating a digital twin of a Real-World Asset (like real estate, gold, or debt) on a blockchain, allowing it to be traded globally 24/7.
Zero-Knowledge Proof
A cryptographic method by which one party can prove to another that a statement is true without revealing any information apart from the fact that the statement is true.
Smart Legal Contract
A legally binding agreement where natural language clauses are paired with executable code that automatically enforces the terms.
Self-Sovereign Identity
A model of digital identity where the user retains full control over their data, sharing only what is necessary via cryptographic attestations.
Token Engineering
The rigorous design of economic systems and incentives using optimization, control theory, and simulation.
Moloch Trap
A game-theory concept where individual incentives lead to a collective negative outcome (e.g., tragedy of the commons, race to the bottom).
Zero-Knowledge Rollup
A Layer 2 scaling solution that bundles hundreds of transactions off-chain and generates a cryptographic proof of validity.
Multi-Party Computation
A cryptographic protocol where multiple parties jointly compute a function over their inputs while keeping those inputs private.
Homomorphic Encryption
A form of encryption that permits users to perform computations on encrypted data without first decrypting it.
Account Abstraction
ERC-4337 standard that upgrades simple wallets into smart contract wallets with programmable logic, enabling gasless transactions, social recovery, and more.
Federated Learning
A machine learning approach where models are trained across decentralized devices without raw data ever leaving the local environment.
Liquid Democracy
A hybrid voting system where individuals can vote directly or delegate their vote to a trusted representative—and revoke that delegation at any time.
Quadratic Voting
A voting mechanism where voters can express the intensity of their preferences by spending "voice credits" quadratically (e.g., 1 vote = 1 credit, 2 votes = 4 credits).
Sybil Resistance
Mechanisms to prevent a single adversary from controlling multiple fake identities to manipulate a network.
Optimistic Oracle
An oracle system that accepts data as true by default, unless challenged within a specific dispute window.
Data Availability Layer
A specialized blockchain layer dedicated solely to storing transaction data to ensure it is retrievable for verification.
Flash Loans
Unsecured loans that must be borrowed and repaid within the same transaction block, enabling instant arbitrage and capital efficiency.
Atomic Swaps
A smart contract technology that enables the exchange of one cryptocurrency for another without using centralized intermediaries.
Byzantine Fault Tolerance
The ability of a system to continue operating correctly even if some of its components fail or act maliciously.
Proof of Stake
A consensus mechanism where validators are chosen to create new blocks based on the amount of cryptocurrency they "stake" as collateral.
DAO (Decentralized Autonomous Organization)
An organization represented by rules encoded as a smart contract that is transparent, controlled by organization members, and not influenced by a central government.
Oracle
A service that provides smart contracts with external real-world data, bridging the gap between on-chain logic and off-chain information.
Layer 2
Secondary frameworks or protocols built on top of an existing blockchain (Layer 1) to improve scalability and transaction speed.
Merkle Tree
A data structure in which every leaf node contains a cryptographic hash, and every non-leaf node contains the hash of its child nodes, enabling efficient verification.
Gas
A unit measuring the computational effort required to execute operations on a blockchain, paid in the network's native cryptocurrency.
Governance Token
A cryptocurrency that grants holders voting rights in a decentralized protocol's decision-making processes.
Bonding Curve
A mathematical curve that defines the relationship between a token's price and its supply, enabling algorithmic pricing and liquidity.