Building Games with Ethereum Smart Contracts: Intermediate Projects for Solidity Developers

© Kedar Iyer and Chris Dannen 2018

Kedar Iyer and Chris DannenBuilding Games with Ethereum Smart Contractshttps://doi.org/10.1007/978-1-4842-3492-1_6

6. Crypto-economics and Game Theory

Kedar Iyer¹  and Chris Dannen¹

(1)

Brooklyn, New York, USA

 

Crypto-economics is the name given to the emerging study of incentives, economics, and game theory associated with maintaining a blockchain. If economics can be simplified as the study of incentives, crypto-economics is the study of blockchain-related incentives. In this chapter, we cover block production methods, blockchain security, consensus, the importance of good incentives, and the most common attack vectors on a typical blockchain.

Securing the Blockchain

Currently, the majority of successful blockchains ...