This is nice summary.
It would be good to include some infographic of the system as well.
Below is an infographic I created and posted here:

https://i.imgur.com/IbsbxOr

To be fair, there are several infographic by other users
( paxmao's infographic, ibminer's infographic, 8Habits's infographic, JetSet11's infographic, zentdex's infographic, alia_armelle's infographic )
but in my infographic I tried to make the logic more graphical and intuitive.