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Blockchain & Cryptocurrency Con 2018 • February 23-24, 2018

The blockchain technology is much more than Bitcoin and mining and trading cryptocurrencies. It can be leveraged in a wide…

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Tag: cryptoeconomics

An Introduction to Cryptoeconomics

Category: Cryptocyclopedia

An Introduction to Cryptoeconomics

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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Welcome to the World of Blockchain Consensus Protocols

Category: Blockchain, News, Tech

Welcome to the World of Blockchain Consensus Protocols

For cryptocurrency transactions to be conducted successfully, they need to be confirmed by the blockchain. These confirmations are based on what are referred to as consensus mechanisms.  According to KPMG: “In distributed ledgers, a consensus mechanism is the way in which a majority, (or, in some mechanisms, all) of network members agree on the value of a piece of data…

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Ethereum’s Vitalik Buterin Emphasizes Importance of ‘Punishment’ in Cryptocurrency

Category: Commentary, Ethereum, News

Ethereum’s Vitalik Buterin Emphasizes Importance of ‘Punishment’ in Cryptocurrency

EDCON, an annual developer event for the Ethereum network, was started off by none other than Vitalik Buterin, the blockchain platform’s leading scientist on February 17. Buterin presented an “Introduction to Cryptoeconomics” where various topics were discussed, and issues with regards to incentives and rewards for the cryptocurrency. Using Bitcoin as an example, Buterin states that to change from a…

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