Chapter 6

Cryptoeconomics and the Security of Blockchain

Cryptoeconomics is easily associated with economics in the real world. They have similarities, but they are not exactly the same. Our real economics is more about studying the laws of economic operation in society, such as studying how people make choices, which makes it easier for policies to better coordinate economic and social progress and development. And cryptoeconomics is more about a mechanism design (mechanism design, a branching field that combines microeconomics and game theory). We can understand this simply: cryptoeconomics is to re-enact a framework and rules that are economically efficient in the world of encryption, and everything here is based on code and contains a ...

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