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

Smart contracts: are they that smart?


Contracts appear all around us in our daily lives: the agreement to meet for a coffee, to shout a friend lunch, or help pick up your in-laws from the airport during their yearly Christmas visit. Technology has not replaced the notion of contracts but simply changed the interface. The act of putting coins into a street parking meter or swiping your bus transportation card all constitute the act of participating in an agreement.

Take the ever-popular vending machine, for example. When coins are inserted, I expect the can of Coke to be dispensed, along with the appropriate amount of change. Back in the days when these vending machines were invented, they were a revolution. They were also considered smart devices. As technology has progressed, we find ourselves in another age of the vending machine revolution, only this time it involves cryptocurrencies.

"Smart contracts" was a term introduced by Szabo in an article that was published in 1996 called Smart...