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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 custom blockchains

While Omni and Counterparty were busy building new features, based on the existing bitcoin blockchain, and providing services to companies such as MaidSafe, Tether, and Storj, others in the crypto space saw the limitations of the bitcoin blockchain technology. First of all, there were technical limitations in terms of speed, performance, and scalability. The programming language script was not widely used, and it was limited in features; progress and innovation were dependent upon the bitcoin developers. From all of this, several projects emerged, such as Ethereum, Lisk, Waves, and Tezos:

ICOs on custom blockchains

Figure 9: ICOs developing custom blockchains

The first project, though, was Nxt, which appeared very early on in 2013.

Nxt

Nxt (pronounced "next") calls itself a "cryptocurrency constructed from scratch using open source Java" and states in its white paper:

"A total quantity of 1 billion available tokens were distributed in the genesis block." (https...

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