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Tokenomics

You're reading from   Tokenomics The Crypto Shift of Blockchains, ICOs, and Tokens

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Product type Paperback
Published in Oct 2018
Publisher
ISBN-13 9781789136326
Length 486 pages
Edition 1st Edition
Languages
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Authors (2):
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Sean Au Sean Au
Author Profile Icon Sean Au
Sean Au
Thomas Power(GBP) Thomas Power(GBP)
Author Profile Icon Thomas Power(GBP)
Thomas Power(GBP)
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Toc

Table of Contents (16) Chapters Close

Preface 1. Once Upon a Token FREE CHAPTER 2. A Bit of Coin Theory 3. The Potential of ICOs 4. Token Varieties 5. The Need for a Token 6. Playing by the Rules 7. The Token Sales Mechanics 8. White Paper, Website, and Team 9. Social Media and Influencers 10. Marketing and the launch 11. Voices of the ICO World 12. The Future Summary
Other Books You May Enjoy Index

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 use one layer to build applications on top of? The thinking at the time was that the bitcoin blockchain was the largest and most secure network, so why not make use of that? What Ethereum did was to reinvent the wheel. It was a risk, but one worth...

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