Blockchains are a new settlement and ownership layer, one that’s programmable, open, and global by default, unlocking new forms of entrepreneurship, creativity, and infrastructure. Growth in monthly active crypto addresses is generally tracking the
The economics of the internet are already changing. As the open web collapses into a prompt bar, we have to wonder: Will AI lead to an open internet or a maze of new paywalls? And who will control it — big centralized companies or broad communities
This talk explains how multidimensional fee mechanisms can increase the efficiency of resource usage in blockchains. Traditionally, single dimensional resource markets don’t capture the true constraints and often leave excess performance on the table. Guy Goren (Aptos Labs) discusses some potential designs for implementing multidimensional fees along with explaining the main open problems before they can be put into production.
About the presenter
Guy is a researcher at Aptos Labs. He has also worked as a researcher at Protocol Labs, and is a PhD candidate at Technion – Israel Institute of Technology.
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.
More about us
a16z.com/2022/04/21/announcing-a16z-crypto-research More from the a16z crypto team – Subscribe to our ‘web3 weekly newsletter’: a16zcrypto.substack.com – Listen to our ‘web3 with a16z’ podcast: a16zcrypto.com/web3-with-a16z-podcast/ – Read more of our work: a16zcrypto.com