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a16z Reveals What TradFi Really Wants From Blockchain

Institutional adoption may be a big opportunity, but a16z said that it is not simply an extension of DeFi. TradFi institutions are adopting blockchain to improve their existing operations, not because they have embraced decentralization, venture capital firm a16z said in its latest report. The technology helps lower operating costs, speed up settlement, expand…

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Did L2s break Ethereum’s ultrasound money?

Ethereum’s best marketing line was that using it destroyed it, that every transaction burned ETH and shrank the supply. Then the network solved its scaling problem, activity fled to layer 2s, and the burn collapsed. The scaling worked. The scarcity did not survive it. Summary Ethereum’s “ultrasound money” thesis held that EIP-1559 fee burning would…

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Hoskinson wants Bitcoin’s money on Cardano

There is $1.6 trillion in Bitcoin sitting idle, earning nothing, doing nothing. Charles Hoskinson has a plan to put it to work on Cardano, and the plan quietly requires every transaction to burn a little ADA. Whether that saves Cardano or exposes its central problem is the whole question. Summary Cardano founder Charles Hoskinson has…

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