🛰️Overview
Overview of Proof-of-Performance (PoP) Protocol!
The Proof-of-Performance (PoP) protocol is the governing protocol within the Prospect ecosystem. The PoP protocol is Prospect's proprietary algorithm that aims to model and quantify the performance and work performed by athletes in real-life (on the court, on the field, on the ice, in the ring, etc.) across various sports. This is accomplished by translating real-time sports data into energy, that energy is then used to for the following:
Distribution of Prospect Points and $PROS
Validating the outcomes of ProspectPicks
Determining winners and distributing $PROS in the ProspectArena
Similar, to other protocol's such as Proof-of-Work (PoW) and Proof-of-Stake (PoS) which govern the distribution of $BTC and $ETH respectively, the PoP protocol governs the distribution of $PROS. What makes the PoP protocol truly unique, is the bridge between the physical world and Web 3.0.
The Proof-of-Performance (PoP) protocol is founded on three core concepts:
Athlete Work to Power Conversion
Reward Distribution Algorithm
Statistical Performance Benchmarking
Each concept is an essential pieces of the foundations of the PoP protocol.
In the following section, we will detail how the PoP protocol works and how it interacts with the various products within the Prospect ecosystem.
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