This is the year the world came onchain.
When we launched our first State of Crypto report, the industry was still in its adolescence. The total crypto market was worth about half what it is today. Blockchains were much slower, more expensive, and le
Each year, the State of Crypto report from a16z crypto cuts through the noise and tracks crypto’s evolution across markets, technology, policy, and culture.
Now in its fourth edition, the 2025 State of Crypto report reveals how crypto has gone ma
Victor Shoup (NYU and Offchain Labs) gives a new protocol for reliable broadcast with improved communication complexity for long messages. Namely, to reliably broadcast a message a message m over an asynchronous network to a set of n parties, of which fewer than n/3 may be corrupt, our protocol achieves a communication complexity of 1.5|m|n + O(k n^2 log(n)), where k is the output length of a collision-resistant hash function. This result improves on the previously best known bound for long messages of 2|m|n + O(k n^2 log(n)).
This is joint work with Thomas Locher (Dfinity).
About the presenter
Victor is currently a research scientist at Offchain Labs and Professor Emeritus at New York University. He has been working in the fields of cryptography and computational number theory. He has made many research contributions in diverse areas such as public key cryptographic primitives, secure distributed protocols, and algorithms for factoring polynomials and related problems. He has written two textbooks, and has developed two high-performance software libraries. He obtained a PhD from UW-Madison and has worked at the IBM Zurich Research Lab, New York University, the IBM T. J. Watson Research Center, and Dfinity. About a16z crypto research a16z crypto research is a multidisciplinary lab that works closely with our portfolio companies and others toward solving the important problems in the space, and toward advancing the science and technology of the next generation of the internet.