Economic Incentives and Blockchain Security

Much like steam engines and the internet, blockchain has emerged as a disruptive technology and a foundation for tomorrow’s businesses and ecosystem. Blockchains meld technology and economics to provide unprecedented security guarantees. As individuals seek to reduce uncertainties, economic incentives can drive human behavior, and act as the enablers of personal security, either perceived or real. Since cryptographies are hackable, a truly secure, decentralized, and automated blockchain protocol can be established only when significant security guarantees, using inherent economically incentivized consensus mechanisms, are combined with cryptographic guarantees. WHITE PAPER