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Nobody Knows : Steel & Blockchains

Tom Tunguz

Asking “What problems do blockchains solve?” Blockchain networks are a new construction material for building a better internet. If it works, developers will build with them. Unlike steel, Web3 systems have many novel attributes like guaranteeing data is secure. They store less data. Nobody knows.

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Gas Gas Revolution

Tom Tunguz

As storage & compute became less expensive, the economic viability of new use cases became increasingly apparent & developers built software on the cloud. The same cost-reduction phenomenon is occurring with blockchains, though it’s not nearly as well publicized. The cost to save data to a blockchain is called gas.

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The State of Web3 in 2022 through Data

Tom Tunguz

For example, quantifying the number of active wallets, the population of active developers, & other dynamics within the ecosystem. My Top 15 Observations from the Data: 2.5m Developers push about 300,000 smart contracts to Ethereum every month, a figure that has been flat for the last five months.

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The Impact of Blockchain on SaaS

Tom Tunguz

More than 30% of the initial coin offerings (ICO) in 2017 target developers and businesspeople with their products. The blockchain is a technical advance. Consequently, it should initially appeal to developers more than their business counterparts. The data reflects this. The numbers are still small.

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SUI Generis : Office Hours with Evan Cheng of Mysten Labs

Tom Tunguz

Evan & the Mysten team were instrumental in the creation of Meta’s high-performance blockchain techology before leaving to start Mysten. There are few key ideas Mysten espouses about blockchains that have led to dramatic improvements in performance & usability.

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Economics in the Sometimes Strange World of Web3

Tom Tunguz

Blockchains are databases application developers use to build novel user experiences. Just as hundreds of different databases exist in web2, different blockchains have evolved in web3. In September, I published the State of Web3 in Data. They provide faster & less expensive transactions for application developers.

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How QuikNode is Handling Growth in the Blockchain Industry

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QuikNode is a Miami-based startup powering blockchain applications with lightning fast Ethereum, Bitcoin, Polygon, BSC and xDai nodes. This allows anyone building an app that applies blockchain technology to do so by building directly on top of QuikNode’s globally distributed Web3 infrastructure. Table of Contents.