Chapter 1
What Is Cryptoeconomics?
What is cryptoeconomics? Vlad Zamfir, a developer of Ethereum, explains this term as “a formal discipline that studies protocols that govern the production, distribution, and consumption of goods and services in a decentralized digital economy. Cryptoeconomics is a practical science that focuses on the design and characterization of these protocols”.
If we leave the concept of cryptoeconomics itself and consider the origin of the word, we can see that it derives from two words: cryptography and economics.
1.1 The Basics of Cryptography
Classical cryptography focuses on writing and transmission of information and corresponding deciphering methods. And modern cryptography originates from a large number ...
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