Decentralization - Past, Present, and Future
45 Pages Posted: 1 Jul 2019 Last revised: 5 Dec 2019
Date Written: June 28, 2019
This introduction to decentralization examines decentralization’s past, present, and future. By tracing the history of past and existing decentralized systems and by examining emerging decentralized technology solutions, the author highlights the trends that lead to higher levels of decentralization in commerce and society.
Keywords: Decentralization, Disruptive Innovation, Emerging Technology, Stable Cryptocurrencies, Illiquidity, Cost, Speculation, Inflation, Price Stability, Transparency, Feedback Effects, Market Stability, Stability Mechanisms, Monetary Policy, Crypto Economics, Token Models, Incentive Design, Tokens
JEL Classification: K20, K23, K32, L43, L5, O31, O32
Suggested Citation: Suggested Citation