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

ICOs on non-blockchain technologies


With all the commotion centered around blockchain technologies, there were some interesting non-blockchain technologies that came to light. IOTA and Hedera hashgraph are some examples.

IOTA

IOTA describes its technology as a brand new and novel micro-transaction cryptotoken optimized for the Internet-of-Things (http://iotatoken.io/iota.html). IOTA's approach is that instead of collecting all the transactions in a network and forming a group or a "block" of transactions, and linking them together to form a chain, all the transactions individually link to two other transactions to form this mess or tangle of transactions.

IOTA is the 9th letter of the Greek alphabet and means a small or tiny amount. As an acronym, IOT represents the Internet of Things. The A could mean anything from architecture to array or application.

Now, because IOT devices are due to explode into the billions, around low-powered sensor devices for machine-to-machine communications, IOTA...