Cryptoeconomics - ØKAD6040 (7,5 sp)
Cryptoeconomy is quickly developing, and this course provides a fundamental understanding of this new phenomenon, its recent developments and its key challenges.
About this course
In 2008, a paper authored by the fictitious Satoshi Nakamoto conceptualized the idea of a decentralized blockchain, applying advances in cryptography developed in the previous decades. The next year, Bitcoin was born. '
Today, cryptocurrencies have developed into a small but fastly developing financial sector called decentralized finance, or defi for short, while thousands of startups, multinational firms and even central banks are hard at work to develop new applications of the blockchain technology.
Knowledge
- Can explain the fundamental principles of blockchain technology, including its architecture and consensus mechanisms.
- Understands the historical development of cryptocurrencies, starting from the publication of Satoshi Nakamoto’s paper to the present day.
- Can describe the structure and functioning of decentralized finance (DeFi) systems, including their components and how they differ from traditional financial systems.
- Has knowledge of the economic principles underlying cryptoeconomics, such as game theory, incentive structures, and tokenomics.
- Has knowledge about the current regulatory environment surrounding cryptocurrencies and blockchain technologies, including key legal and ethical considerations.
Skills
- Able to identify blockchain platforms and tools, such as wallets, smart contracts, and decentralized applications (DApps).
- Apply cryptoeconomic principles to solve simple problems related to decentralized networks and systems.
- Can design and conduct research projects focused on blockchain applications, including hypothesis formation, data collection, and analysis.
- Able to assess risks and vulnerabilities in blockchain systems, including security threats and economic risks.
Competence
- Able to critically evaluate the impact of blockchain technology on various industries and societal structures.
- Can devise strategies for integrating blockchain solutions within existing business models and operations.
- Understands the ethical implications of blockchain technology and can make informed decisions that consider privacy, security, and societal impact.
- Can update their knowledge and skills related to cryptocurrencies and block chain technologies.
Coursework
- Written assignment
- Multiple choice test
Exam
Individual written exam over 4 hours. The exam content is based on the learning outcomes. The exam is graded and given a grade A-F.