Set Protocol
About Set Protocol
In software engineering and computer science, abstraction is a tool that allows programmers to think on a certain level of complexity, hiding the details not important to the problem at hand. We use abstractions to prevent overloading the end user with details when they care more about higher level concepts. Additionally, abstraction can be used to relate objects and help users focus on what the entity is vs. what it represents. In the traditional financial industry, we have abstractions like the American stockmarket indices, Dow Jones Industrial Average that represent hundreds or thousands of stocks. In the insurance industry, we think of an insurance plan as a set of services we expect to be covered for when paying insurance premiums. We do not worry about the specific services when purchasing the plan. For cryptocurrencies, we can envision an abstract token or meta token, a single token representing a basket or portfolio of its underlying tokens.
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Set Protocol Team
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