Chapter 19: Cryptoeconomics

Malobika Bosea; Naela Jamal Rushdib    a Amity University Uttar Pradesh, Lucknow, Uttar Pradesh, Indiab IILM Academy of Higher Learning, Lucknow, Uttar Pradesh, India

Abstract

This chapter will explore the historical background, evolution, and the fundamental structures of blockchain by understanding the basics behind the concept of crypto economics. The basic idea is to understand the dynamics of the twin components of crypto economics, that is, cryptography and economics, and how traditional economics, and financial market structures have been instrumental in forming the base for today’s hybrid economy of the blockchain technology. Further, we explore the fundamentals of the distributed ledger technology and ...

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