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

Blockchain – the immutable database


The word "blockchain" is a term that many people use but few really understand. The reason it is hard to define is because in such a nascent space, there is no single correct definition. For example, when the internet was invented, some people may remember that it was referred to as "the World Wide Web" or "the Information Super Highway." Such terms are non-existent now and if used, are met with an almost "I know how old you are" look. The same will happen to blockchains 10 or so years down the track.

Along with there currently being no universal definition of a blockchain, there is also widespread disagreement over which qualities are essential in order to call something a blockchain.

Bitcoin was designed to be public. Anyone could join the network, and its blockchain was designed to keep participants honest in the absence of a central authority. The architecture sacrificed efficiency in order to ensure that cheating the system would be costlier than playing...