Cryptoeconomics

Contents

Foreword

Preface

Authors

1   What Is Cryptoeconomics?

1.1     The Basics of Cryptography

1.1.1     Hash Algorithm

1.1.2     Key Encryption

1.1.3     Digital Signature

1.2     Basic of Economics

1.2.1     Incentives

1.2.2     Punishment

1.3     Supply and Demand

2   Mechanisms of Consensus

2.1     The Byzantine Generals Problem

2.2     CAP Theory

2.3     PoW (Proof-of-Work) Mechanism

2.3.1     Problem of PoW 1: Waste of Resources

2.3.2     Problem of PoW 2: Environmental Problem

2.3.3     Problem of PoW 3: Centralization of Computing Power

2.4     PoS (Proof-of-Stake) Mechanism

2.5     LPoS (Leased Proof-of-Stake) Mechanism

2.6     DPoS (Delegated Proof-of-Stake) Mechanism

3   Optimized Consensus Mechanism

3.1     Optimized Versions ...