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Cryptoeconomics
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eBook
Cryptoeconomics
2020
Overview
SHELVING GUIDE: Finance/E-Commerce
“A systematic review of the structure and context of the blockchain-derived economic model... (the book) describes cryptoeconomics in connection with the game theory, behavioral economics and others in simple understandable language” – Wang Feng, the founder of Linekong Interactive Group and Mars Finance, and a partner of Geekbang Venture Capital.
Blockchain technology has subverted existing perceptions, and it is the start of an economic revolution, which is the subject of this book, i.e., cryptoeconomics. It is a key component of cryptoeconomics. Vlad Zamfir, a developer of Ethereum, explained this term as “a formal discipline that studies protocols that governs the production, distribution, and consumption of goods and services in a decentralized digital economy. Cryptoeconomics is a practical science that focuses on the design and characterization of these protocols”.
This book explains the structures of blockchain-derived economic models, their history, and their application. It uses real-world cases to illustrate the relationship between cryptoeconomics and blockchain.
Blockchain technology solves trust issues. A blockchain application can restrict behavior on the blockchain through a reward and punishment system that enables consensus in an innovative way. The greatest significance of cryptoeconomics lies in guaranteeing safety, stability, activity, and order in a decentralized consensus system. Security and stability are achieved mainly by cryptographical mechanisms. Activity and order are achieved through economic mechanisms.
“Cryptoeconomics and Blockchain: The Perspective from China” discusses the most popular consensus algorithms and optimization mechanisms. With examples explained in clear and simple terms that are easy to understand, this book also explores economic mechanisms of blockchain such as game theory and behavioral economics.
Publisher
Auerbach Publications,CRC Press,Auerbach Publishers, Incorporated
Subject
ISBN
9781000062090, 1000062090, 9780367429935, 0367429934, 9781032474519, 1032474513
