Tag: cryptoeconomics

In the following series, BTCManager will be walking through, in detail, seven questions posed by the co-creator of Ethereum. These seven questions are some of the most relevant features of this booming ecosystem. From centralization, as in this week’s installment, to governance and everything in between. The series was inspired by a discussion between Buterin and a WeChat group called…

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Democracy is a form of governance where the population chooses its leaders through an open process known as voting. While it has its challenges, it is widely considered to be one of the best forms of political governance. Is Democracy Working? Researchers have been able to draw a parallel between the countries that rank highly on the annual World Happiness…

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Cryptoeconomics refers to the use of cryptography in order to create economic systems. This fairly new branch of economics came into existence following Satoshi Nakamoto’s creation of Bitcoin in 2009. Following the creation of a large number of altcoins, cryptoeconomics is now the backbone of an industry that possesses significant value. Cryptoeconomics utilizes cryptography to prove or ascertain the properties…

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Bitcoin’s pseudonymous creator(s) Satoshi Nakamoto utilized a range of scientific and economic models when he developed the world’s first digital currency. While many of these technologies already existed, it was Nakamoto’s combination of this knowledge – in conjunction with his developed distributed ledger technology (DLT) – that ushered in a new age of decentralized digital currencies. Polymath a Prerequisite Nakamoto…

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Ethereum cofounder Vitalik Buterin has published a proposal to improve how cryptocurrency miners are paid. He believes that the current compensation model can be adjusted to benefit both miners and users. To that end, he has published a rather extensive document detailing how a uniform price auction can replace the current fee mechanism. Improving Transaction Fee and Market Dynamics Currently,…

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After Intercontinental Exchange (ICE) announced its intent to build a cryptocurrency trading platform, industry observers ascertained a shift from the financial industry’s mistrust of the volatile digital asset to widespread institutional adoption. Cryptocurrencies to Become “Alternative-Investments” In an interview with ASU Now, Dragan Boscovic, Director of Arizona State University’s Blockchain Research Lab, revealed the cryptocurrency industry’s steady foray into the…

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A Medium post by software engineer and co-founder of CoinFund, Aleksandr Bulkin, from May 12 invites discussion for his solution to an underdeveloped point in cryptocurrency; regulation in the ICO market. Initial Coin Offerings (ICO’s) was a concept of decentralized crowdfunding that entered cryptocurrency mainstream with the introduction of Ethereum. Since then it has become a toss-up, with some projects…

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Vitalik Buterin has sent out an April fools prank this year that left the community with some concerns. While his prank consisted of a new fixed supply proposal for Ethereum, called Fixed Supply EIP 960, he later tweeted that whether it was a joke or not, he argued if the community wanted to adopt a new fixed supply implementation then…

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Volunteers and community workers may soon be able to get rewarded for doing “socially-useful tasks” thanks to a blockchain technology that rewards individuals effort with Hullcoins, of which can be exchanged for discounts at local retailers. Social Good and Local Currencies The idea, which had its inception in 2014, is being spearheaded in Hull, England and was first envisioned by…

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In this guide, you will be introduced to the concept of cryptoeconomics and how it has given birth to an entirely new digital multi-billion dollar industry. What is Cryptoeconomics? Cryptoeconomics is a concept as well as a new term and, hence, has no official definition yet. According to Ethereum developer Vlad Zamfir, cryptoeconomics is “a formal discipline that studies protocols…

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