3 ms·
You got me curious so I did a little digging. While most articles infer they are building these things on top of the public Ethereum blockchain it is more like
by UncleEntity 9y ago
You got me curious so I did a little digging.
While most articles infer they are building these things on top of the public Ethereum blockchain it is more likely they are basing it on top of R3CEV[0].
Either sloppy reporting or part of a grander pump-and-dump scheme, you decide...
[0]https://www.coindesk.com/r3cev-blockchain-test-11-banks/ https://www.coindesk.com/r3cev-blockchain-test-11-banks/
- sAbakumoff 9y agoYeah, recently sloppy reporting contributed to the insane raise of IOTA cryptocurrency but after the clarification it flew down to earth. It totally looked like pump-and-dump! But Etherium is another story, I believe in its future.
- UncleEntity 9y agoMeh... Back when they were still planning things out I dropped some economic theory on them (over gas pricing IIRC) and they were basically like "nah, that would hurt our cabal". I wish I had a link because I'm not even exaggerating. Totally left a bad taste in my mouth. Then I hear about hard forks and proof of stake and "welcome, my son, welcome to the machine..."