Cryptodynamic Principles

Cryptodynamics is a term coined here for the purpose of easily referring to the fundamental principles of Bitcoin. This is intended to both inform understanding of Bitcoin and differentiate it from other technologies. The principles are the minimal subset of cryptoeconomic principles necessary to achieve this objective.

While the choice of name is not essential, a rationale for the choice is provided below.

Crypto

“A crypto currency is a money that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of units.” - Wikipedia

Dynamics

“Dynamics is the branch of applied mathematics ... concerned with the study of forces ... and their effect on motion.” - Wikipedia

Crypto + Dynamics

Cryptodynamics is the set of forces that secure Bitcoin transactions by controlling (1) definition of units, and (2) transfer of units.