Crypto-economics and the Future of Blockchain Economy

Today’s society is on its way to embrace decentralised solutions for human interaction. As we can observe there is a need to develop complex models and frameworks to evaluate the issues facing contemporary societies. The study and application of crypto-economic principles will help in building and preparing the new world to adopt decentralised solutions and evolve the cryptocurrency ecosystem.

The birth of Bitcoin over a decade ago sparked a revolution in the digital world and as of 2019 the jump in the number of cryptocurrencies has been about 2x (jumping from 1,600 to 3,000 worldwide). As of late 2020, countries such as Ukraine, Venezuela and Columbia are among the few that are starting to accept crypto as legal digital currency for daily trade by introducing regulations and enabling businesses and people – it’s happening.

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Blockchain: What’s all the hype?

By this time I’m sure most of you all must have heard of the buzzword “Blockchain” and “Cryptos” and some random advice on how someone’s friend of a friend made like thousands or millions of dollars. “Crypto” or “Cryptocurrency” deserves another blog and hence I’ll leave it out of this one and introduce you to all the might and glory being brought by Blockchain.

I’m very excited about this subject only because I am currently (as of Oct 2021) pursuing a Masters program in Blockchain strategy at RMIT University in Melbourne. Its a relatively new and developing field (although been around for more than a decade) and as it touches technology, finance, economics, law and broadly several other areas, it leads me to believe that this is a technology is worth learning and applying based on viability in areas of interest.

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