Comment on Please bro

• Knock_Knock_Lemmy_In@lemmy.world ⁨3⁩ ⁨weeks⁩ 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.

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  • Mika@sopuli.xyz ⁨3⁩ ⁨weeks⁩ ago

    First time hearing about Canton. Is it properly decentralised?

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    • Knock_Knock_Lemmy_In@lemmy.world ⁨3⁩ ⁨weeks⁩ 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.

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      • Mika@sopuli.xyz ⁨3⁩ ⁨weeks⁩ ago

        So, not decentralised in it’s original sense, if a pack of people decide which operations are allowed. Decentralised as in “not a single bank”.

        See, this is what I mean when I say they all have flaws.

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