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The Economics of Blockchain Consensus: Exploring the Key Tradeoffs in Blockchain Design

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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 distribu...