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Money, power, politics, and the internet's next battleground
web3 with a16z crypto
Evolution of Blockchain Infrastructure and Application Potential
Blockchain technology has undergone hype and crash cycles typical in the tech industry, with recent visibility due to token value fluctuations. Despite the timeframe of crypto's existence, the evolution of infrastructure is crucial, highlighted by significant upgrades like Ethereum 2.0. The cost and performance of blockchains are pivotal, with advancements akin to Moore's Law in computing. Such improvements not only enhance scalability but also enable a wider range of applications at reduced transaction costs. This evolution paves the way for diverse functionalities beyond traditional trading and lending, allowing for social media interactions and gaming. The intersection of enhanced infrastructure and innovative applications showcases the readiness of blockchain technology for diverse industries, supported by numerous entrepreneurs utilizing the advanced blockchain infrastructure.
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