Closing the Web3 series, the article analyses the role of cryptocurrencies as the economic building block of the decentralized network. After exploring decentralization and interoperability in earlier instalments, this piece shows how the three elements intertwine to shape a new Internet paradigm based on blockchains.
Cryptocurrencies are framed in their dual function: a means of exchange for transactions and services, and a tool for governance and incentives for network participants. The article explains why their digital, decentralized and encrypted nature makes them suited to peer-to-peer transactions, secured by immutable recording on the blockchain. In the full PDF: how P2P transactions work and the role of cryptocurrencies in the Web3 ecosystem.
Originally published in Il Giornale dell'Ingegnere (CNI), 1 July 2023.
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