# PEG - Chapter 1 — Problem Definition
Defines the problem, scope and principles of a protocol that allocates contributed resources through publicly verifiable, irrevocable chance instead of discretionary decision-making.
Defines the problem, scope and principles of a protocol that allocates contributed resources through publicly verifiable, irrevocable chance instead of discretionary decision-making.
Every monetary system assumes someone must decide who gets access to resources. The #PEG Engine asks whether that assumption is necessary. This serialized specification explores an alternative based on publicly verifiable, irrevocable chance—and invites public criticism.
Abstract and content
Introduction
Design Goals of Pegged
Pegged Protocol Fundamentals
Functional Architecture
Peg Maintenance and Value Logic
Risks and Mitigations
#PEG's Comparative Positioning as a Denominated Stablecoim