Incentives: Tokens, Privileges, Rewards, and Penalties in Cryptoeconomics

Incentives Tokens, Priveleges, Rewards, and Penalties in Cryptoeconomics

Cryptoeconomics refers to the use of cryptography in order to create economic systems. This fairly new branch of economics came into existence following Satoshi Nakamoto’s creation of Bitcoin in 2009. Following the creation of a large number of altcoins, cryptoeconomics is now the backbone of an industry that possesses significant value. Cryptoeconomics utilizes cryptography to prove or ascertain the properties…