web3 with a16z crypto State of Crypto 2024: Builder Energy, U.S. Election, Stablecoins, AI, More
Oct 18, 2024
Daren Matsuoka, lead data scientist, and Eddy Lazzarin, CTO, share insights from the State of Crypto Report 2024. They delve into crypto user estimations and the intriguing gap between global ownership and active participants. With the U.S. election approaching, they discuss rising interest in crypto in swing states. The duo also covers advancements in stablecoins and decentralized infrastructure, highlighting the impact of blockchain technology on everyday transactions. Expect a fresh look at the dynamic relationship between crypto, politics, and emerging technologies.
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State of Crypto Report
- The "State of Crypto" report analyzes data and trends in the crypto industry.
- It aims to provide accessible insights into the rapidly evolving crypto world.
Active Addresses
- Active addresses in crypto hit an all-time high, but this metric is complex.
- One person can control multiple addresses, making user counts tricky.
Sybil Attacks and User Counts
- One person can control multiple crypto addresses (Sybils), especially with lower transaction fees.
- This makes it difficult to accurately count users based on active addresses.