Blockchain Polymarket Presentation

0.0(0)
Studied by 0 people
call kaiCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/11

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 12:39 AM on 4/20/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai

No analytics yet

Send a link to your students to track their progress

12 Terms

1
New cards

Oracle / Resolution 1

Smart contracts cannot directly observe real-world outcomes; prediction markets need an external resolution mechanism; this is the core oracle problem.

2
New cards

Oracle / Resolution 2

Polymarket uses the UMA Optimistic Oracle; after the event someone proposes the market outcome; that proposal begins resolution.

3
New cards

Oracle / Resolution 3

The proposal requires a bond; it then enters a challenge period; if disputed the oracle process determines the final result.

4
New cards

Oracle / Resolution 4

If accepted the winning token becomes redeemable; the winning token pays $1 and the losing token pays $0; the oracle bridges real-world truth to on-chain settlement.

5
New cards

Custody / Non-Custodial 1

Polymarket is non-custodial; users control their own funds and positions; assets remain tied to the user's wallet.

6
New cards

Custody / Non-Custodial 2

Orders are signed locally with the user's key; signing an order is not the same as giving up custody; the operator cannot execute unauthorized trades.

7
New cards

Custody / Non-Custodial 3

Matching happens off-chain for speed; settlement happens on-chain through smart contracts; this keeps execution efficient but trust-minimized.

8
New cards

Custody / Non-Custodial 4

Centralized exchanges hold user funds internally; Polymarket coordinates trades without taking possession; blockchain controls the assets and enforces settlement.

9
New cards

dApp Design Lessons 1

Polymarket shows that hybrid architecture works; not every function needs to be on-chain; good dApps separate coordination from enforcement.

10
New cards

dApp Design Lessons 2

Decentralization is selective not absolute; blockchain adds most value in trust-sensitive areas; those areas include assets collateral custody and settlement.

11
New cards

dApp Design Lessons 3

Oracles are part of the core trust model; they are not just an optional add-on; real-world truth must be bridged on-chain for redemption.

12
New cards

dApp Design Lessons 4

Polymarket is more than a prediction website; blockchain is doing real application work here; it defines claims enforces rules and settles outcomes.