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Tokenomics by Thomas Power, Sean Au

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ICOs on the Ethereum blockchain

Towards the end of 2015, a handful of companies started using Ethereum to raise funds for their projects, but no one could have predicted the success that it was about to have. What Ethereum did was take the blockchain cryptocurrency concept to the next level. It not only provided faster transaction speeds, but it added flexibility, and essentially brought a new meaning to programmable money.

Creating tokens on the bitcoin blockchain was somewhat problematic. The bitcoin blockchain was essentially the technology layer; Omni, or Counterparty would be the protocol layer; and applications such as MaidSafe would then represent the token layer. That is a lot of complexity, not to mention a lot of layers. Why not just ...

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