Comment on Please bro
Knock_Knock_Lemmy_In@lemmy.world 2 months agoFrom an end UI perspective, certainly.
But if SWIFT was suddenly replaced by a blockchain technology then the world wouldn’t even blink.
Comment on Please bro
Knock_Knock_Lemmy_In@lemmy.world 2 months agoFrom an end UI perspective, certainly.
But if SWIFT was suddenly replaced by a blockchain technology then the world wouldn’t even blink.
Mika@sopuli.xyz 2 months ago
You kidding? How many transactions per second bitcoin blockchain can do?
Knock_Knock_Lemmy_In@lemmy.world 2 months ago
Lightning can, in theory, do one million transactions per second. But Bitcoin networks aren’t really a drop in replacement for Swift.
Banks like J.P. Morgan prefer chains like Canton that are privacy enabled and have no upper limit on transaction.
Mika@sopuli.xyz 2 months ago
First time hearing about Canton. Is it properly decentralised?
Knock_Knock_Lemmy_In@lemmy.world 2 months ago
You’ve not heard of it because it is banking focused. It’s the newer option made to compete with Quorum and Corda.
It is decentralized, but it is not open write access. It a public permissioned network of private ledgers.
You and I could validate that the network is cryptographicly consistent, but we don’t have decentralized permission to interact.