a16z State of Cryptocurrency Report: Ethereum's Popularity Is a "Double-Edged Sword"
Recently, a16z released the 2022 Cryptocurrency Summary Report. Crypto VC fund giant Andreessen Horowitz (a16z) emphasized that despite Ethereum’s high transaction fees, its development and demand for it from crypto users is “unmatched.” However, the company warned that given Ethereum’s priority of decentralization over scaling, its “popularity is also a double-edged sword,” leading to competing blockchains with “the promise of better performance and lower fees. "Grab market share. In additio...
a16z State of Cryptocurrency Report: Ethereum's Popularity Is a "Double-Edged Sword"
Recently, a16z released the 2022 Cryptocurrency Summary Report. Crypto VC fund giant Andreessen Horowitz (a16z) emphasized that despite Ethereum’s high transaction fees, its development and demand for it from crypto users is “unmatched.” However, the company warned that given Ethereum’s priority of decentralization over scaling, its “popularity is also a double-edged sword,” leading to competing blockchains with “the promise of better performance and lower fees. "Grab market share. In additio...
