How the foundations of the crypto-economy methodology were formed

Abstract

The article considers the problem of forming the methodology foundations of crypto economy, the impact of this process on the modern economy, its role in the formation of the “money of the future”. It discusses both the main historical events of the blockchain technology formation, from the idea of blind signature and simple encryption through cryptographic building blocks to the creation and implementation of DLT (Distributed Ledger Technology), and the historical genesis of crypto economy in the developmental stages from Blockchain 1.0 to Blockchain 3.0. It is noted that the “Bit Gold” project, as the first model of digital money, not only combined all previous fundamental solutions, but also included Proof-of-Work as the main feature of the digital cash concept. The work concluded: the economy as a whole is rapidly transforming from analog to digital, but its sphere of exchange is the most rapidly developing, where the system of transferring values (the payment system is technology) and possession of values in the form of a crypto coin (money circulation is economy) represent a single whole (crypto economy).