Designing Cryptoeconomic Systems · Blockchain Currencies Distributed Ledgers Bitcoin Other (DAG,...
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Mark C. Ballandies - PhD candidate in DLT and IoT @ballandiesMC [email protected] Designing Cryptoeconomic Systems
Transcript of Designing Cryptoeconomic Systems · Blockchain Currencies Distributed Ledgers Bitcoin Other (DAG,...
Mark C. Ballandies - PhD candidate in DLT and IoT @[email protected]
Designing Cryptoeconomic Systems
Blockchain
Blockchain
Currencies
Distributed Ledgers
Bitcoin
Other (DAG, Hashrgaph)
Other(Smart Contracts)
Other(Ether, Ripple, Litecoin)
Other (DAG, Hashrgaph)
Other(Smart Contracts)
Other(Ether, Ripple, Litecoin)
M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
Distributed Ledger(e.g. Blockchain)
Distributed Ledger
Consensus Network
Distributed Ledger
Consensus NetworkActors
Transaction
Distributed Ledger
Consensus NetworkActors
Transaction =
Smart Contract
Distributed Ledger
Consensus NetworkActors
("Blockchain 2.0")Computer
This is the trust part
Distributed Ledger
Design system so that it is trusted
Cryptoeconomics: Take 2
1) M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
Token Unit
Conceptual Architecture1
4 ComponentsAc
tion
Dis
tr.
Ledg
erCo
nsen
sus
1) M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
Toke
n Token Unit
Claim
Conceptual Architecture1
Components are connectedAc
tion
Dis
tr.
Ledg
erCo
nsen
sus
Toke
n
Action
Transac.
Token Unit
Claim
Transac.
Actor
Writer
1) M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
Real
W
orld
Dig
ital
Wor
ld
Claim
Conceptual Architecture1
Underlyings give value to tokenAc
tion
Dis
tr.
Ledg
erCo
nsen
sus
Toke
n
Action
Transac.
Token Unit
Claim
Transac.
Actor
Writer
Underlying
On-chain
Off-chain
1) M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
Real
W
orld
Dig
ital
Wor
ld
Claim
Conceptual Architecture1
Ethereum ExampleAc
tion
Dis
tr.
Ledg
erCo
nsen
sus
Toke
n
Action
Token Unit
Claim
Transac.
Actor
Writer
Underlying
On-chain
Off-chain
1) M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
Transac.Transac.
Ethereum
Real
W
orld
Dig
ital
Wor
ld
Claim
Conceptual Architecture1
What if we incentivize actors?Ac
tion
Dis
tr.
Ledg
erCo
nsen
sus
Toke
n
Action
Transac.
Token Unit
Claim
Transac.
Actor
Writer
Underlying
On-chain
Off-chain
1) M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
Real
W
orld
Dig
ital
Wor
ld
Claim
Conceptual Architecture1
What if we incentivize actors?Ac
tion
Dis
tr.
Ledg
erCo
nsen
sus
Toke
n
Action
Transac.
Token Unit
Claim
Transac.
Actor
Writer
Underlying
On-chain
Off-chain
1) M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
Real
W
orld
Dig
ital
Wor
ldRe
al
Wor
ldD
igit
al W
orld
Toke
n
Cryptoeconomics: Take 2Token Design
Token Unit
Cryptoeconomics: Take 2Token Design
Properties
Mode of creation
Underlying
CappedSupply Uncap.yesTransferability No
MoneyType Data Reput.
ActionCreation NoneAllPre-mined Partial None
InfoSharing Token
1) M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
Design Decisions1:
Cryptoeconomics: Take 2Token Design
Properties
Mode of creation
Underlying
CappedSupply Uncap.yesTransferability No
MoneyType Data Reput.
ActionCreation NoneAllPre-mined Partial None
InfoSharing Token
Quality Token
Payment Token
1) M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
Design Decisions1:
Cryptoeconomics: Take 3Multi-Token Interaction
Designing Cryptoeconomic Systems
Taxonomy
Designing Cryptoeconomic Systems
Problem: Complexity of configuration space
Taxonomy
1) M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
Design Choices in Cryptoeconomic Systems Reduce Complexity
Design Choices in Cryptoeconomic Systems How?
?
Design Choices in Cryptoeconomic SystemsHow?
Taxonomy System Identification
Design Choices in Cryptoeconomic Systems How?
Taxonomy System Identification Classification
Design Choices in Cryptoeconomic Systems How?
Taxonomy System Identification Classification
Blockchain CommunityFeedback
Design Choices in Cryptoeconomic SystemsTaxonomy System Identification Classification
Blockchain CommunityFeedback
Apply statistical methods
Design Choices in Cryptoeconomic SystemsParticipation, Layering, Staking Capability, Cryptoec. Compl.
Aragon
Bitcoin
Ripple
Factom
IOTA
1) M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
EOS
SingularityNET
1) M. C. Ballandies, M. M. Dapp and E. Pournaras, “Decrypting Distributed Ledger Design - Taxonomy, Classification and Blockchain Community Evaluation”. Under Submission.
Design Choices in Cryptoeconomic Systems
Thank you for your attention! Any questions?
Mark C. Ballandies - FuturICT 2.0 Forum @[email protected]
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