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Tokenomics

Tokenomics

By : Sean Au , Thomas Power(GBP)
3.4 (9)
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Tokenomics

Tokenomics

3.4 (9)
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 (16 chapters)
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3
3. The Potential of ICOs
15
Index

Chapter 2. A Bit of Coin Theory

Like anything in life, to gain an appreciation of how we got to where we are, it's helpful to understand the background and history of how it all started. To some people, blockchains and cryptocurrency are just a technology fad, but to the dedicated few, this is a movement of epic proportions, centered around trust and the decentralization of it.

Understanding some of the fundamental concepts of this technology will help to enable all of us to see the potential revolution that blockchains, the wider concept of distributed ledger technologies, smart contracts, and tokens will bring.

In this chapter, we will go back in time and look at:

  • Bitcoin: In the beginning
  • Altcoins: The alternative to bitcoin
  • Blockchains: The immutable database
  • Smart contracts: Are they that smart?
  • ICOs: The peak of ICOs in 2017

Since bitcoin appeared on the scene in 2009, it has had its fair share of drama. It has become the "crypto gold standard" that everything...

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