The Second Realm

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This page describes a concept which is part of our glossary

Cypherpynkd episodes

Cypherpunkd Episode 001: "Loom for Geeks" Part 1 - Introduction - Patrick Chkoreff

The simplest possible web-based mechanism for creating and transferring types of assets and amounts of them.

To own an asset means to be the only one who knows where it is (the information required to access it)

Loom involved a two-dimensional array of numbers like a spreadsheet where the rows are asset types and the columns are like "accounts" or "vaults", the content of the cells being the number of units of the asset type stored in the vaults.

The columns are hash keys (with assigned friendly names) some being personal accounts that people have created for themselves, others are assigned as shared context between issuers and recipients for payments. (the analogy is of picking a random drop zone for the asset so someone can give it to another person without meeting or coinciding in time).

See also

• secondrealm.net
• Second Realm Strategy
• The First Realm