Название: Cryptoeconomics: Igniting a New Era of Blockchain
Автор: Jian Gong and Wei Xu
Издательство: CRC Press
Год: 2020
Страниц: 182
Язык: английский
Формат: pdf (true), epub
Размер: 10.2 MB

This book sorted out structures of blockchain-derived economic models and their history, and used actual cases to illustrate the inevitable relationships between cryptoeconomics and blockchain.

Blockchain technology solves trust issues. After the mechanism of cryptoeconomics is written as a code, it can restrict everyone’s behavior on blockchain through a reward and punishment system that enables automatic mechanism with 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: Ignighting a New Era of Blockchain discusses the most popular consensus algorithms and optimization mechanisms. With examples explained in clear and simple terms that are easy to understand, the book also explores economic mechanisms of blockchain such as game theory and behavioral economics.

Perhaps you are now familiar with the term “blockchain”. Blockchain technology has subverted our existing perceptions and will bring us a new revolution. Although cryptoeconomics is not a well-known concept, it plays a very important role in blockchain. 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”.

As this book discusses about the most popular consensus algorithms in current days as well as optimization mechanisms, those who are interested in and wish to explore the blockchain industry may find this book very useful. At the same time, 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.

Classical cryptography focuses on writing and transmission of information and corresponding deciphering methods. And modern cryptography originates from a large number of related cryptographic theories that emerged at the end of the 20th century, it is a branch of mathematics and computer science, and at the same time, it refers a lot to an information theory. Modern cryptography focuses not only on the confidentiality of information but also on information integrity verification, non-repudiation of information (i.e., digital signatures), and all information security issues, arising from internal and external attacks that emerge in distributed computing.

The development of modern cryptography has promoted the development of computer science, especially the need for computer and network security. Nowadays, cryptography has been applied in daily life, including ATM chips, computer access passwords, e-commerce, and other spheres. Blockchain technology applies a lot of cryptographic content in its operation, which mainly includes hash algorithm, key encryption, and digital signature.

Contents:
Foreword
Preface
Authors
1 What Is Cryptoeconomics?
1.1 The Basics of Cryptography
1.2 Basic of Economics
1.3 Supply and Demand
2 Mechanisms of Consensus
2.1 The Byzantine Generals Problem
2.2 CAP Theory
2.3 PoW (Proof-of-Work) Mechanism
2.4 PoS (Proof-of-Stake) Mechanism
2.5 LPoS (Leased Proof-of-Stake) Mechanism
2.6 DPoS (Delegated Proof-of-Stake) Mechanism
3 Optimized Consensus Mechanism
4 Game Theory and Cryptoeconomics
5 Behavioral Economics and Cryptoeconomics
6 Cryptoeconomics and the Security of Blockchain
7 Blockchain in China
8 The Future of Cryptoeconomics
Index