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> mainstream-ization of the crypto currencies And modern Tendermint[1]/Cosmos SDK-based chains or Solana are basically distributed databases, using consensus m
by lima 6y ago
> mainstream-ization of the crypto currencies
And modern Tendermint[1]/Cosmos SDK-based chains or Solana are basically distributed databases, using consensus models similar to Raft, except with byzantine fault tolerance and Proof of Stake for leader selection.
No mining, no forks, finality within seconds, large throughput. Pretty boring, actually, with little hype surrounding it - it just works, like a regular database, except there's no single entity controlling it.
One of the top five payment gateways in Korea - CHAI - uses the decentralized Terra[2] blockchain as their backend.
[1]: https://tendermint.com/docs/tendermint.pdf https://tendermint.com/docs/tendermint.pdf
[2]: https://terra.money https://terra.money