Admin: Created page with "Cryptoeconomics refers to the combinations of cryptography, computer networks and game theory which provide secure systems exhibiting some set of economic dis/incentives. * C..."

2019-03-20T04:16:55Z

Created page with "Cryptoeconomics refers to the combinations of cryptography, computer networks and game theory which provide secure systems exhibiting some set of economic dis/incentives. * C..."

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Cryptoeconomics refers to the combinations of cryptography, computer networks and game theory which provide secure systems exhibiting some set of economic dis/incentives.

* Cryptography is used to prove properties established in the past, such as account balances, identities and ownership.

* Digital representations of economic value become possible, accessible to all, assignable, exchangeable and immune to censorship, able to be relied upon in the future.

== Bitcoin example ==
Desired properties of Bitcoin:

* create a chain of immutable blocks

* maintain a state in the blocks

* maintain a clock

* convergence: blocks can only be added to the end of the chain, never changed or removed

* validity: only transactions that satisfy certain rule expressions (validity predicate) should be included in the blockchain, i.e. transaction script and valid sender receiver and amount

* clock must always be increasing

* data availability: anyone can download all the blockchain data

* tx availabitity: transactions should close reliably and quickly if reasonable fees are payed

== References ==

Introduction to Cryptoeconomics - Vitalik Buterin, https://www.youtube.com/watch?v=pKqdjaH1dRo

==Source==

[http://theethereum.wiki/ http://theethereum.wiki/]
[[Category:Cryptography]]

Cryptoeconomics - Revision history

Admin: Created page with "Cryptoeconomics refers to the combinations of cryptography, computer networks and game theory which provide secure systems exhibiting some set of economic dis/incentives. * C..."