In this special Innovation Overview episode from April 2021, the A16C crypto team and other experts

take you from the ground up of crypto and Web3 through the basics to more recent developments

and beyond, all through the lens of an oral essay with brief segments on what crypto is,

how it really works, and where it's going. We chose this particular

archive episode this week in honor of a new show that just launched, Web 3 with A16Z, hosted by

Sonal Chalksy, the previous showrunner of the A16Z podcast network and longtime host of this show,

and featuring the team at A16C Crypto, as well as leading scientists and

makers in the space, this show is about the next generation of the internet, how builders and users

now have the ability to own pieces of the internet, unlocking a new wave of creativity and entrepreneurship.

The first two episodes are out this week, so check out and subscribe to Web3 with A16C wherever you get your podcasts.

Welcome to the A16C podcast. I'm Zoren.

Today we have a special episode all about crypto that we present as a resource for people wanting to better understand what it is, how it really works, and why it matters.

This is an audio essay

featuring hallway-style conversations with the A16C crypto team, as well as outside experts.

In these brief segments, we'll take you from the ground up, from the basics to the most

current developments, and beyond that, to a look at what we might see in the future. This audio

essay is broken down into four parts. We start at the beginning. That means

the origins of Bitcoin, which is the first major cryptocurrency. And in this section, we'll answer all of the

basic questions like how and why did Bitcoin start, how is it created, what is mining, and how do we know

it's secure. The next section is about expansion and how Bitcoin's programming concepts started a wave of innovation.

We explained the blockchain how it enabled the entire idea of decentralized networks of participants,

and we touch upon the significance of the second largest blockchain Ethereum.

...