A16Z Crypto · 15 August 2026

Before Bitcoin: The ideas that made blockchains possible

A16Z Crypto

Blockchains didn't invent distributed consensus, market design, or cryptography—they synthesized decades of foundational work by Turing Award winners and Nobel laureates. A16Z Crypto's "First Principles" series traces the intellectual lineage from Byzantine fault tolerance and auction theory to modern blockchain systems.

Read the full post on A16Z Crypto ↗

Topics: Crypto & Web3

Published by A16Z Crypto · their site ↗

More from A16Z Crypto

SandHill indexes 800+ venture capital blogs and newsletters and sends the best of them every Sunday. Browse the sources · browse by topic · read the blog.