/biz/ - Business & Finance

>>16740437
European Central Banks is consulting with R3 Corda. Corda is 'consensus agnostic'

https://www.forbes.com/sites/robertanzalone/2019/12/25/european-central-bank-announces-new-dlt-proof-of-concept-called-eurochain/
>Part of the lessons learned in the report’s conclusion points out that “Scalability of the prototype was for example not analyzed.”

The European Central Bank is basing it's EUROchain on R3 Corda, but what you don't know is that Corda is consensus algorithm agnostic. Many would assume Corda only runs on a private ledger; however, a public ledger with many nodes is much more secure than a permissioned ledger with only a few nodes. Here you can see Corda operates at a layer above consensus, and in the EUROchain article you can see that, "scalability of the prototype was not analyzed..." So the question is, what will they use to achieve scalable consensus?

https://www.forbes.com/sites/robertanzalone/2019/12/25/european-central-bank-announces-new-dlt-proof-of-concept-called-eurochain/

>>16667316
>>16667351
The following link shows the European Central Bank is basing it's EUROchain on R3 Corda, but what you don't know is that Corda is consensus algorithm agnostic. The reason for the "blockchain not bitcoin" mantra is that public _blockchains_ cannot scale; however, a public ledger with many nodes is much more secure than a permissioned ledger with only a few nodes...

https://www.forbes.com/sites/robertanzalone/2019/12/25/european-central-bank-announces-new-dlt-proof-of-concept-called-eurochain/#660fab633a76