The Economics of Blockchain Consensus: The Opportunities of Employing Mechanism and Market Design - Rilegato

Gans, Joshua

Rilegato

ISBN 10: 303133082X ISBN 13: 9783031330827

Casa editrice: Palgrave Macmillan, 2023

Riassunto

Blockchain technologies have been rapidly adopted for the creation of cryptocurrencies and have been explored for a myriad of applications. While this is of important economic interest, the computer science behind how blockchains operate to provide security and provenance has been largely inaccessible to economists. This book is a bridge between the computer science and the economics of blockchains.

The focus is on the value and the achievement of blockchain consensus; that is, how distributed and independent nodes are able to reach an agreement on what the current state of digital ledgers, that are the product of blockchains, are. The book shows that the goals of computer scientists in designing blockchains place very high weight on security beyond what an economist trained in game theory and mechanism design would require. It shows how blockchains can be redesigned to account for key economic trade-offs, and will be of interest to researchers and students of economics, financial technology and computer science, alongside policymakers.

Su questo libro

Informazioni sull?autore

Joshua Gans is a Professor of Strategic Management and holder of the Jeffrey S. Skoll Chair in Technical Innovation and Entrepreneurship at the Rotman School of Management, University of Toronto. He is also chief economist of its Creative Destruction Lab and oversees its blockchain program for startups.

Dalla quarta di copertina

​"The author provides the reader with an innovative study of blockchain from an economics perspective. The author’s personal experience and credentials adds substantially to the body of literature that aids in our understanding of the blockchain phenomenon. It differs from other comparable studies with his perspective of examining the methodology of constructing mechanisms to accomplish blockchain consensus."
-Rosario Girasa, Distinguished Professor, Pace University, Pleasantville, New York, USA

Blockchain technologies have been rapidly adopted for the creation of cryptocurrencies and have been explored for a myriad of applications. While this is of important economic interest, the computer science behind how blockchains operate to provide security and provenance has been largely inaccessible to economists. This book is a bridge between the computer science and the economics of blockchains. The focus is on the value and the achievement of blockchain consensus; that is, how distributed and independent nodes are able to reach an agreement on what the current state of digital ledgers, that are the product of blockchains, are. The book shows that the goals of computer scientists in designing blockchains place very high weight on security beyond what an economist trained in game theory and mechanism design would require. It shows how blockchains can be redesigned to account for key economic trade-offs, and will be of interest to researchers and students of economics, financial technology and computer science, alongside policymakers.

Joshua Gans is a Professor of Strategic Management and holder of the Jeffrey S. Skoll Chair in Technical Innovation and Entrepreneurship at the Rotman School of Management, University of Toronto. He is also chief economist of its Creative Destruction Lab and oversees its blockchain program for startups.

Dettagli dell?edizione

• Editore: Palgrave Macmillan
• Data di pubblicazione: 2023
• Lingua: Inglese
• ISBN 10: 303133082X
• ISBN 13: 9783031330827
• Rilegatura: Copertina rigida
• Numero edizione: 1
• Contatto del produttore: non disponibile