@@ -22,9 +22,9 @@ A metaphor might help illustrate the relationship between these two systems: the
2222
2323## The Urbit HD Wallet
2424
25−Owners of Azimuth points need safeguards that allow for the use of Urbit without jeopardizing cryptographic ownership of their assets. Toward this end, we created the **Urbit Hierarchical Deterministic (HD) Wallet** for the storage of points. The Urbit HD Wallet is not one key-pair, but a system of related key-pairs that each have distinct powers, from setting networking keys for communicating in the Arvo network to transferring ownership of points.
25+Owners of Urbit identities need safeguards that allow for the use of Urbit without jeopardizing cryptographic ownership of their assets. Toward this end, we created the **Urbit Hierarchical Deterministic (HD) Wallet** for the storage of identities. The Urbit HD Wallet is not one key-pair, but a system of related key-pairs that each have distinct powers, from setting networking keys for communicating in the Arvo network to transferring ownership of identities.
2626
27−The Urbit HD Wallet's derivation paths have a hierarchical structure, so that keys with different powers can be physically separated. A \"master ticket" can re-derive the entire wallet in case of loss. The encryption and authentication keys that points ships use to sign messages within the network are also derived from the wallet.
27+The Urbit HD Wallet's derivation paths have a hierarchical structure, so that keys with different powers can be physically separated. A \"master ticket" can re-derive the entire wallet in case of loss. The encryption and authentication keys that identities ships use to sign messages within the network are also derived from the wallet.
2828
2929Urbit HD wallets are composed of the following items, which are each assigned to their own individual Ethereum key-pairs.
3030
@@ -38,7 +38,7 @@ An ownership address has all rights over the assets deeded to it. These rights a
3838
3939### Proxies
4040
41−Proxy addresses allow you to execute non-ownership related actions like spawning child points, voting, and setting networking keys without jeopardizing the keys you've designated with ownership rights. Setting proxy rights is optional, but it is recommended for on-chain actions you will execute more frequently.
41+Proxy addresses allow you to execute non-ownership related actions like spawning child identities, voting, and setting networking keys without jeopardizing the keys you've designated with ownership rights. Setting proxy rights is optional, but it is recommended for on-chain actions you will execute more frequently.
4242
4343- **Management Proxy**
4444
@@ -52,24 +52,24 @@ Proxy addresses allow you to execute non-ownership related actions like spawning
5252
5353- **Spawn Proxy**
5454
55− For stars and galaxies only. Can create new child points.
55+ For stars and galaxies only. Can create new child identities.
5656
5757
5858
5959
60−Most Ethereum tokens use the ERC-20 standard for smart contracts. Azimuth points
61−are, however, essentially different from most Ethereum tokens, due to points not
60+Most Ethereum tokens use the ERC-20 standard for smart contracts. Urbit identities
61+are, however, essentially different from most Ethereum tokens, due to identities not
6262being fungible. Since any two stars will handle social-networking realities in a
63−different way, they will carry a different reputation. Points are to houses as
63+different way, they will carry a different reputation. identities are to houses as
6464tokens are to gold.
6565
6666The ERC-721 standard, having been made specifically to provide a smart-contract
6767interface for non-fungible assets, serves our needs well. This is the standard
68−that we use for deeding Azimuth points.
68+that we use for deeding Urbit identities.
6969
70−Points, and all of their blockchain operations, are governed by the Ecliptic.
71−The Ecliptic is an Ethereum smart-contract that governs point state and the
72−ownership, spawn, management, and voting rights affiliated with your points.
70+identities, and all of their blockchain operations, are governed by the Ecliptic.
71+The Ecliptic is an Ethereum smart-contract that governs identity state and the
72+ownership, spawn, management, and voting rights affiliated with your identities.
7373
7474For the technical implementation details, take a look at Azimuth's
7575[Github repository](https://github.com/urbit/azimuth).