Originally sent as a private note to portfolio companies: PDF Founders, In the first 2 months of 2021, crypto prices have already doubled and continue to hit new all-time highs. Bitcoin has | Continue reading
Introduction Zero Knowledge cryptography is one of the most notable innovations in the last fifty years of computer science. Zero Knowledge Proofs (ZKPs) offer unique properties that make them essential components | Continue reading
This is a horror story. The Challenge Like any normal person, I spend a lot of time lurking in the #support channel of the Uniswap Discord. (Disclosure: Uniswap is a portfolio company of Paradigm.) On | Continue reading
Software engineering culture has always leaned toward anti-authoritarianism. Many an engineer’s childhood reading list was full of books like Snow Crash and Neuromancer about lone hackers fighting… | Continue reading
We started Paradigm in 2018 with two strongly-held beliefs. First, that despite being in the midst of a “winter,” crypto was poised to be one of the most important technical and economic shifts over… | Continue reading
Most people trust, but how many people verify? | Continue reading
Blockchains revolutionized fundraising for open-source software, but not everything worked right from the start. In fact, ICOs of the 2016-2018 era were often horribly broken mechanisms that allowed… | Continue reading
This paper introduces the floor perpetual, a synthetic NFT that tracks the floor price of a given project and can be minted by locking up NFTs from that project. Floor perpetuals give NFT holders… | Continue reading
Originally published as a report for institutional investors: PDF Bitcoin has grown from idea (2008), to working system (2009), to its first real-world use at <$0.01 per coin (2010)… | Continue reading
The only thing worse than a bug in your code that breaks everything is a bug in your code that subtly breaks one thing… | Continue reading
Too much raw fish doesn’t make a better roll of sushi… | Continue reading
If implemented, Ethereum improvement proposal (EIP) 1559 will be the largest change to how users bid for blockspace in any of the major blockchains. While the proposed rules are relatively simple… | Continue reading
This is a horror story. Like any normal person, I spend a lot of time lurking in the #support channel of the Uniswap Discord. (Disclosure: Uniswap is a portfolio company of Paradigm. | Continue reading
This paper introduces a new type of derivative, the everlasting option. Everlasting options give traders long-term options exposure without the effort, risk, or expense of rolling positions. | Continue reading