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/biz/ - Business & Finance

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16674768 No.16674768 [Reply] [Original]

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/

>> No.16674774

you know the answer is chainlink

>> No.16674776
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16674776

>>16674768
corda is using LINK.

>> No.16674795
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16674795

>>16674774

>> No.16674798
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>>16674768
CULedger is a global consortium of credit unions, and in 2016 two guys beat out IBM Hyperledger and R3 Corda for the basis of the CULedger. Now Corda is working with CULedger and IBM is sitting on their council...

>> No.16674803

Fantom and a community member got this together.

>> No.16674811
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16674811

>>16674768
>PoC
Piece o' Crap
Move on sheeple

>> No.16674843
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>>16674798
Hedera Hashgraph will be the basis for the new financial system. The Hashgraph algorithm is peer-reviewed and market validated, and their consensus service will enable "applications like stock markets, audit logs, stable coins, or new network services that require high throughput and decentralized trust." This is not some children who launched a scam erc20, this is the real deal. The writing is on the wall, everyone who buys HH right now will unironically make it.

>> No.16674861
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16674861

>>16674774
>>16674776
>>16674795
>>16674811
>>16674803
Link is a scam, Fantom is literally a chink HH ripoff

>> No.16674952
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16674952

>>16674811
When the CENTRAL BANK OF EUROPE announces plans for a ledger, and that ledger could be a public one with limited supply, YOU FUCKING LISTEN

>> No.16674980

Fantom and chainlink

Strap in, we’re gonna make it fellow neets

>> No.16675084
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16675084

>>16674980
Twitter and Reddit fell for "muh patents FUD". As much as Bitcoiners hate Bcash, they would tolerate 1000 Bcashs before ONE patent. Pic related, it's a Bitcoiner whipping himself in the name of Lord Satoshi. $They$ will announce HH as the chosen ledger with a big council announcement that gets all the boomers talking, and anyone who doesn't see the writing on the wall will get left behind. What do you think Vitalik is doing with those 92K eth??

>> No.16675294

>>16674768
Trust, of course. Every node is going to be owned by a trusted institution. That's it.
It's a permissioned network.

>> No.16675339

>>16674768
It's a private blockchain. It's already dead.

>> No.16675360
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16675360

>>16675294
False, they will allow anyone to run anonymous nodes, they just have to bootstrap it slowly and carefully and work out the bugs, because it's an $enterprise grade$ network

>> No.16675408
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16675408

>>16675339
see
>>16675360
the new backbone of the financial system must be tested carefully, the opposite of "move fast break stuff"