Token differentiation to improve UX / user comprehension / cognitive load. #6
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added 2 commits
August 28, 2020 14:09
…their exchange rates.
If all tokenizations of ZEC maintain the invariant that <something>ZEC<something> represents a token intended to have a value pegged to mainnet ZEC, it will improve usability and comprehension for users across all ecosystems around ZEC. Any token with any freedom in exchange rates should have a different name. I picked "ZEAL" whimsically, but not particularly attached to it. ;-)
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This PR has two commits:
The final commit renames the tokens on the principle that anything with "ZEC" anywhere in the name should be reserved for tokens that (by design at least) aim for a 1:1 price PEG to mainnet ZEC. I believe this will be a helpful invariant for users across the Zcash ecosystem. By contrast, tokens with a variable / floating exchange rate like the stake tokens in this design should have a different name, also to help users understand their different monetary nature. AFAIK, this "principle" isn't written down anywhere else.
If there's notable pushback on the renaming, I'd be curious why. (Note: I'm not specifically attached to "ZEAL" it was just a whimsical choice.)
The first commit should be only a clarification of the
maintext and I'd appreciate double checking the token summaries and exchange rate descriptions there are accurate. For my way of thinking having this glossary-style introduction to the token types helps me understand their relationship better later in the text. Not sure if all readers are like me, though. ;-) I consider these changes orthogonal, and I'd be happy with a different flow/outline with the token renaming.Edit 2020-12-18: Fixed the branch name for
main.