Protocol

The steps to run the protocol are as follows:

1. New public goods project is posted to the protocol.

2. Each estimate for a project is posted to the protocol.

3. Estimates are sorted by credibility, highest expected impact, and required expertise.

4. Validators are selected at random to review the estimate.

5. Validators are periodically selected at random to review realized project impact.

6. Coins are issued to public goods contributors following each validation (and challenge) period, and based on realized impact.

Let us now consider each of these steps in greater detail:

Proof-of-Impact Consensus Mechanism Design