a16z: Crypto Applications

Then, Blockchain The fundamental innovation behind Bitcoin. A blockchain is a tamper-resistant database for storing things of value. ||| Individual transaction' events NEW BLOCK of transactions I includes a security 'hash' of the previous block. I I BLOCKCHAIN H BLOCKCHAIN new blocks are added approximately every 10 minutes Ⓒ2020 Andreessen Horowitz. All rights reserved worldwide. Multiple computer 'mining' servers check the validity of the blocks in the chain. The quickest to check the latest block, gets payment. OR Successful transactions BLOCK Validated as 'honest' part of the chain REJECTED X a16z

View entire presentation