IOHK | Treasury Coin Presentation - Prof. Roman Oliynykov

[vantuz-subhuman]

In this presentation, Prof. Roman Oliynykov shared the research on the Treasury Coin, a prototype implementation of the treasury system that was presented in the paper written in collaboration between IOHK and Lancaster University. You can find the slides to the presentation here: http://static.iohk.io/docs/presentations/Treasury-Coin-Presentation.pdf

Link: https://www.youtube.com/watch?v=OIaOe52A4A8

Paper:

treasury.pdf

Summary:

Introduction to the paper ‘A Treasury System for Cryptocurrencies’

Last week, IOHK released a paper ‘A Treasury System for Cryptocurrencies’. Here is an introductory summary of the basic concepts and ideas of the paper for the beginners! The basic idea of Cardano’s treasury system stems from the “lack of secure and community-inclusive long-term sustainability of funding” in current blockchain systems. The major two approaches to the funding are initial coin offerings (ICO) and donations. Since the two approaches lack sustainability, no long term solution has b…