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What is Schelling Point?
Crypto Glossary Definition
A concept or solution that people tend to choose by default in the absence of communication. The concept was introduced by Thomas Schelling in the book 'The Strategy of Conflict'. Has popular use in game theory.
Why Schelling Point Matters
In crypto, Schelling points come up most often in decentralized oracle design — when independent reporters all need to agree on a value (like an asset's price) without communicating, the "obviously correct" answer acts as a natural focal point, and reporters who report something else can be economically penalized for deviating from it.
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