What is Tokenomics and how is it used by Cryptocurrencies?

Tokenomics is the study of how digital assets, or tokens, work within a given ecosystem. In the world of cryptocurrencies, tokenomics is used to design, create, and manage the tokens that power these decentralized networks.

Tokens are a key component of many cryptocurrencies, and they can be used for a wide range of purposes, from paying transaction fees to voting on protocol changes. In essence, tokens are the fuel that powers these decentralized systems.