Infrastructure — Public Blockchains

Mozhi Wang, Xueyan Qin, Yu-chen Hung and Swee Won Lo

Chapter 2 in Global Web3 Eco Innovation, 2023, pp 9-43 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The Web3 revolution may have started long ago, but the epoch of blockchain history marked its beginning with the birth of Bitcoin in 2009. The public chain is arguably the most important infrastructure in the short history of blockchain. The evolution of public chains has undergone three significant iterations in the past 13 years — from Bitcoin’s Proof of Work (PoW) to Ethereum 1.0 with smart contract functionality and the various Layer 1 networks based on Proof of Stake (PoS). Today’s Web3 is a hybrid system where the three models coexist and thrive in the ecosystem.

Keywords: Web3; Metaverse; Decentralized Finance (DeFi); Non-Fungible Token (NFT); GameFi; Infrastructure; Digital Assets; Blockchain; Decentralized Applications (DApp); Financial Technology; Cryptocurrency; Financial Inclusion; Digital Economy; Digital Transformation; Robo Advisory; Financial Regulation (search for similar items in EconPapers)
JEL-codes: G2 O32 O33 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811283680_0002 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811283680_0002 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789811283680_0002

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().