LEADER 04461nam 22006135 450 001 9910746080503321 005 20230629065535.0 010 $a3-031-33083-8 024 7 $a10.1007/978-3-031-33083-4 035 $a(MiAaPQ)EBC30612965 035 $a(Au-PeEL)EBL30612965 035 $a(DE-He213)978-3-031-33083-4 035 $a(CKB)27286004700041 035 $a(EXLCZ)9927286004700041 100 $a20230629d2023 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe Economics of Blockchain Consensus $eExploring the Key Tradeoffs in Blockchain Design /$fby Joshua Gans 205 $a1st ed. 2023. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2023. 215 $a1 online resource (128 pages) 311 08$aPrint version: Gans, Joshua The Economics of Blockchain Consensus Cham : Springer International Publishing AG,c2023 9783031330827 320 $aIncludes bibliographical references and index. 327 $aChapter 1 Introduction -- Chapter 2: The Value of Blockchain Consensus -- Chapter 3: Security versus timeliness -- Chapter 4: Permissioned versus permissionless -- Chapter 5: Proof of work versus proof of stake -- Chapter 6: Cryptography versus incentives -- Chapter 7: Rules versus mechanisms. 330 $a?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 "Joshua Gans makes blockchain and consensus accessible to economists by applying his signature approach -- delving into a topic so deeply that he can extract its economic essence." - W. Scott Stornetta, Yugen Partners, Co-inventor of the Blockchain 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. 606 $aTechnological innovations 606 $aEconomic development 606 $aFinancial engineering 606 $aComputer science 606 $aEconomics of Innovation 606 $aEconomic Development, Innovation and Growth 606 $aFinancial Technology and Innovation 606 $aComputer Science 615 0$aTechnological innovations. 615 0$aEconomic development. 615 0$aFinancial engineering. 615 0$aComputer science. 615 14$aEconomics of Innovation. 615 24$aEconomic Development, Innovation and Growth. 615 24$aFinancial Technology and Innovation. 615 24$aComputer Science. 676 $a296 676 $a005.74 700 $aGans$b Joshua$f1968-$0850939 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910746080503321 996 $aThe Economics of Blockchain Consensus$93565861 997 $aUNINA