a16z: Crypto Applications

1 A blockchain is a database for storing things of value Slower and less performant than centralized databases, their special property is tamper-resistant shared state in an adversarial environment. In other words: can't write to the DB and award yourself a million dollars. Or a million potions, or a million acres. Ⓒ2020 Andreessen Horowitz. All rights reserved worldwide. bitcoin ETHEREUM ERC 20 Token ERC721 ERC 725 Identity ↑ ERC 735 Claim Holder CRYPTOCURRENCY Digital gold and cash. TOKENS Digital alternative to equity. Makes network effects tradeable. DIGITAL ASSETS Nonfungible scarce assets, from in-game items to real estate. IDENTITY Present proof of cryptoidentity to demonstrate that you possess an asset. a16z Any Andreessen Horowitz investments and portfolio companies described or referred to above are not representative of all investments in vehicles managed by the firm and there can be no assurance that the investments described are or will be profitable or that other investments made in the future will have similar character or results. See Important Disclosures at the outset for more information

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