CryptoEconomics

Ethereum currently has an annual inflation rate of ~3.77% while providing ~$40m in daily security payments. More than $6 Billion in ETH have been burned, and the issuance of ETH is expected to be further reduced by 90% after the merge to the beacon Proof of Stake algorithm. These numbers are part of what we call blockchain economics. The combination of blockchain technology and economics provides unprecedented security guarantees. Economic incentives are necessary to encourage miners or stakers to guard blockchains against malicious attacks and are also important to incentivize positive governance of blockchain-based protocols. The School of CryptoEconimics provides a comprehensive and systematic understanding of economics in the blockchain industry and how it is best utilized in the development of protocols.