Token Economy

Token Economy or Cryptoeconomics describes a field of science that deals with decentralized, economic processes. This includes the tokenization of digital assets, the pricing of coins and mining as an incentive for network participants.

 

Tokens are a virtual representation of assets. Almost anything can be represented as a token meaning it can be tokenized and stored on a Blockchain. Token represent the value and ownership rights of the tokenized assets in a clear and unchangeable way and can thus be exchanged in a network [1].

[1] Heines, R. (2017): Blockchain Technology Applications: A Conceptual Framework from a Supply Chain Perspective

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Begriff im Definitionsnetz

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