Introduction to Consensus (Part I) with Andrew Lewis-Pye | a16z crypto research talks

Part I of an introduction to the basics of consensus, the protocol to coordinate and maintain a decentralized blockchain. Andrew Lewis-Pye (London School of Economics) discusses how participants can agree on the correct condition of the blockchain and who owns what at any time. He begins with an overview of Byzantine agreement problem; addresses communications channels, faulty processors, and dealing with an adversary; and discusses Byzantine broadcast when there are bounded message delays.About the speaker Andy is a Professor at the London School of Economics. He has worked in various fields, including mathematical logic, network science, population genetics, and blockchain. For the last four years his research focus has been on blockchain, where his principal interests are in consensus protocols and tokenomics. More: https://lewis-pye.com/About a16z crypto researcha16z crypto research is a multidisciplinary lab that works closely with our portfolio companies and others toward solving the important problems in the space, and toward advancing the science and technology of the next generation of the internet.Our researchers are technologists, scientists, cryptographers, and cryptocurrency experts, working to bridge the worlds of academic theory with industry practice, and to help shape crypto and web3 as a formal area of study. More about us: a16z.com/2022/04/21/announcing-a16z-crypto-researchMore from the a16z crypto team- Subscribe to our 'web3 weekly newsletter': a16zcrypto.substack.com - Listen to our 'web3 with a16z' podcast: a16zcrypto.com/web3-with-a16z-podcast/- Read more of our work: a16zcrypto.com