Blockchain and Crypto Economics

Our article, "Blockchain and Crypto Economics," co-authored with Prof. Muge Cetiner, has been reviewed by editors, accepted, and published by Kultur University Press in Istanbul, Turkey. It is featured in the 703-page book “Future of the Economy,” now available to the public.

Abstract: Blockchain is an emerging technology that revolutionizes the transfer, organization, and execution of value. It reduces transaction costs while ensuring the integrity, confidentiality, and accessibility of distributed networks and data, all while prioritizing privacy. This transformative technology is impacting various sectors, integrating with other technologies, and potentially reshaping every facet of life. It could even establish a new foundation for a more secure and private Internet.

A growing body of research and adoption by governments, financial institutions, banks, logistics companies, and other organizations highlights blockchain's potential. This study introduces blockchain, outlining its key features, including consensus algorithms, decentralized applications (Dapps), cryptocurrency wallets, initial coin offerings (ICOs), and smart contracts. It also explores blockchain-based business models, evaluating their strengths and weaknesses.

In conclusion, the study reflects on blockchain's future, drawing parallels and distinctions with the development of TCP/IP and the Internet, emphasizing its potential to redefine digital infrastructure.

Key Words: Crypto Wallet, Consensus, Proof of Work (PoW), Proof of Stake (PoS,) Distributed Application (Dapp), Initial Coin Offering (ICO), Smart Contracts, Blockchain Business Models.

[1] Prof. Dr., İstanbul Kültür University, Department of Business Administration, e.*******@iku.edu.tr, ORCID: ****–0001–2345–****.

[2] Consultant tur************@gmail.com, ORCID: ****–0002–0833–****.