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
Chelsea Komlo (Waterloo) reviews the current state of the art in threshold Schnorr signatures. She discusses past security pitfalls in designing threshold Schnorr signatures, and how current state-of-the-art schemes came to be. She also reviews tradeoffs in achievable security guarantees versus performance overhead, and the difference between adaptive and static security. She finally reviews the current state of deterministic threshold Schnorr signatures, and discuss several open research problems for the future.
About the presenter
Chelsea is a cryptography and privacy researcher, and is a member of the Cryptography, Security, and Privacy lab at the University of Waterloo. She is a co-author of the FROST threshold signature scheme. Her current research involves multi-party cryptographic protocols, including threshold signatures, distributed key generation, and blind signatures. Before moving into research, Chelsea worked as an engineer on privacy and cryptography open source software, including Tor, Enigmail, and Off-the-Record (OTR) Secure Messaging.
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