Examples of KELP in a sentence
KELP BEDS, are aggregations of marine algae of the order Laminariales, including species in the genera Macrocystis, Nereocystis, and Pelagophycus.
If KELP was implemented for these blockchains, we should include the current sequence-ID of the account who lost the key as part of the commitment hash.
Finally it is made clear that in the case where KELP is optionally enabled, this contradicts to our original statement of offering a completely reactive mechanism.
We provide a description of the time-lock KEy-Loss Protection (KELP) logic, a three-phase smart contract that allows reclaiming funds from a locked blockchain address after an account spending-key loss.
That offers extra flexibility to custodial or unhosted users to control how KELP works for their account in particular.
KELP relies on on-chain time locked commitments, similarly to HTLC smart contracts [29] used in atomic swaps (or layer-2 channel opening/closing) to defend against front-running attacks.We describe the protocol in two parts: first we present the protocol in terms of generic parameters, and then, in a separate section, we discuss potential ap- propriate choices for these parameters.
Fair value hedges: Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recorded in the consolidated statement of income, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
It is important to understand that the KELP protocol does modify the trust model somewhat (see Section 3 for additional discussion).
In such cases, we assume that a user has not lost their keys, but an attacker is trying to exploit some aspect of the KELP protocol to steal their funds.2. Attacks against successful execution of the KELP protocol.
In Section 2.3 we discussed if KELP should be an optional feature or the default logic.