Book Image

Tokenomics

By : Sean Au, Thomas Power(GBP)
Book Image

Tokenomics

By: Sean Au, Thomas Power(GBP)

Overview of this book

Tokenomics is the economy of this new world. This is a no-holds-barred, in-depth exploration of the way in which we can participate in the blockchain economy. The reader will learn the basics of bitcoin, blockchains, and tokenomics; what the very first ICO was; and how over a period of 5 years, various projects managed to raise the enormous sums of money they did. The book then provides insights from ICO experts and looks at what the future holds. By comparing the past, current, and future of this technology, the book will inform anyone, whatever motivates their interest. The crypto shift of blockchains, ICOs, and tokens is much more than just buying bitcoins, creating tokens, or raising millions in a minute in an ICO. It is a new paradigm shift from centralized to decentralized, from closed to open, and from opaqueness to transparency. ICOs and the creation of tokens during the craze of 2017 needed a lot of preparation, an understanding of cryptocurrencies and of emerging legal frameworks, but this has spurred a new movement to tokenize the world. The author gives an unbiased, authoritative picture of the current playing field, exploring the token opportunities and provides a unique insight into the developing world of this tokenized economy. This book will nourish hungry minds wanting to grow their knowledge in this fascinating area.
Table of Contents (18 chapters)
Tokenomics
Contributors
Preface
Index

Alternative coins (Altcoins)


With the bitcoin source code freely available, it wasn't long before someone made a copy and created their own coin. This then led to the era of alternative coins, known as altcoins.

The bitcoin source code has been copied or "forked" 19,358 times thus far. This doesn't mean there are 19,358 different altcoins because many forks will be from people wanting their own copy to learn from or experiment with. As an indication of the active altcoins, there are just over 800 listed at coinmarketcap.com.

Note

Forking: A technical term that programmers use when copying code from one application to another. This means the developer does not have to start from scratch.

There are some purists, or bitcoin maximalists, who see bitcoin as the main or supreme coin, and everything else as an altcoin. However, there are some cryptocurrencies that were created from scratch, with their own independent blockchain, and they would take offense at being called an altcoin. They see themselves...