This chapter studies blockchain cryptographic tokens by means of mean-field-type game theory. It introduces variance-aware utility function to capture the risk of cryptographic tokens associated with the uncertainties of adoption, network security, regulatory legislation, and market volatility. A relationship between network characteristics, price, number of token holders, and token supply is established. Both in-chain and cross-chain diversifications between tokens are examined using a mean–variance approach.

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

Blockchain Token Economics

  • Tamer Başar,
  • Boualem Djehiche,
  • Hamidou Tembine

摘要

This chapter studies blockchain cryptographic tokens by means of mean-field-type game theory. It introduces variance-aware utility function to capture the risk of cryptographic tokens associated with the uncertainties of adoption, network security, regulatory legislation, and market volatility. A relationship between network characteristics, price, number of token holders, and token supply is established. Both in-chain and cross-chain diversifications between tokens are examined using a mean–variance approach.