Tokenomics: The Economics of Blockchain Tech

The core of blockchain technology is the distributed ledger. This distributed ledger is what makes the technology democratic where no person or persons have total power of the system. The system is powered by people who own computers all over the world who “lend” the computing power of a computer they own. The reason is due to the incentive that rewards them with cryptocurrency. The way they receive the cryptocurrency is usually because of the system that they are “mining” block[chains] or “validating” transactions on the ledger. The more computers in the system the less centralized the power of the participants of that system.