diff --git a/README.md b/README.md index 2f344a4..912ee4a 100644 --- a/README.md +++ b/README.md @@ -65,7 +65,7 @@ to be immensely successful, how the different types of decentralized applications can be classified, and introduces terminology that aims to be accurate and helpful to the community. Finally, this paper postulates that these decentralized applications will some day surpass the world’s -largest software corporations in utility, user-base, and network +largest software corporations in utility, user-base, efficiency, and network valuation due to their superior incentivization structure, flexibility, transparency, resiliency, and distributed nature. @@ -191,7 +191,7 @@ because they don’t issue and manage a token. (The development and operation of these projects depends on donations instead.) ### The value of DApps and their tokens -For a complete analysis about why tokens associated with DApps, and the networks powering the DApps are valuable, [see this paper](https://docs.google.com/document/d/1Qh0KIQpy3Ob070BKHNA82fYGL0atlGSfmKCKJpS-QH8/edit). +For a complete analysis about why tokens associated with DApps, and the networks powering the DApps are valuable, [see this paper](https://github.com/DavidJohnstonCEO/TheValueofAppCoins). The operation of a DApp ----------------------- @@ -315,7 +315,7 @@ Operating under open-source licenses allows DApps to be open for innovation without restrictions of copyright or patent. In addition, by being completely open-source, decentralized applications can operate under the legal model of open-source software. Bitcoin, for example, -uses the MIT open-source software license. The Master Protocol +uses the [MIT open-source software license](http://opensource.org/licenses/MIT). The Master Protocol similarly, requires all code that is based on it to be open-source and available to the community. @@ -450,7 +450,7 @@ The current state of type II and III DApps One mechanism by which type II DApps can leverage the block chain of type I DApps is by embedding additional data to the transactions taking -place in the type I DA. The Master Protocol, for example, embeds +place in the type I DApp. The Master Protocol, for example, embeds additional data on the transactions of the Bitcoin network. Although currently (February 2014) Mastercoin embeds its additional data in an ad-hoc way into the Bitcoin block chain, the release of the 0.9 version