Chapter 5 discusses the core problems Web3 companies need to solve in order to achieve progress for the decentralized economy. The electrical revolution took more than a century to come to fruition, because of the need to develop uniform standards for production, transmission, storage, and...

This chapter presents a technical perspective on decentralized structures. The purpose of the chapter is to provide guideposts and an overview of the technical possibilities and limitations for the creation of decentralized autonomous organizations (DAOs). A core precept for the creation of DAOs...

This Chapter examines the future of decentralization. While humans who were raised in a centralized world by default turn to centralized solutions for societal problems, decentralized approaches are more effective for global problems. Decentralized networks encourage interoperability through...

Chapter 1 of the book explores the historical foundations of decentralized structures, starting with early hominids through Imperial China and the American Revolution. The primary goal of the chapter is to witness the central-decentral dichotomy in its evolutionary context to understand more...

The evolution of blockchain technology as a foundational and transformational technology helps solve critical societal problems. Blockchain technology enables sustainability-focused blockchain initiatives to achieve their social and public welfare objectives. Using a dataset of...

The authors examine the emergence and proliferation of stable cryptocurrencies and their uses. After evaluating the core shortcomings associated with fiat currencies, the authors highlight the benefits of stable cryptocurrencies for monetary policymaking, overall market stability, and their...

A large consensus in the literature suggests that law has a diminishing capacity to react to innovation. After summarizing the commonalities between the law and technology literature and the literature on dynamic regulation in the analysis of the so-called pacing problem between regulation and...

The Secure Proof of Stake protocol (SPoS) uses a reputation-verification platform to solve the centralization, efficiency, and security problems that afflict existing blockchain consensus protocols. At heart, a secure proof of stake protocol follows naturally from a secure decentralized...

Existing valuation metrics for legacy assets only limitedly apply in the context of digital assets. The valuation infrastructure in the current legal, accounting, technology, and back-office framework in combination with the immaturity of the digital asset market create an environment of digital...