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What is Schelling Point (Focal Point)?

Crypto Terms Glossary: What is Schelling Point (Focal Point)?

As it relates to game theory, a focal point or Schelling point is a solution or specific outcome that people automatically choose by default in relation to their surrounding environment. For example, the landscape design of a property is built around select focal points such as a water fountain, statue, and other points of contact that tend to draw attention from the human eye by default. In a blockchain structure this could mean that the attention of the user or designer is naturally directed towards a specific point or several focal points that make up the overall structure.

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