Decentralization - Past, Present, and Future
Wulf A. Kaal · 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. Key Words: 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, Initial Coin Offerings, Blockchain, Distributed Ledger Technology JEL Categories: K20, K23, K32, L43, L5, O31, O32 ** Professor of Law, University of St. Thomas School of Law (Minneapolis, USA) Electronic copy available at: https://ssrn.com/abstract=3411897
Cite: Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897. https://doi.org/10.2139/ssrn.3411897
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