4 ms·
lol “Greater consideration is required regarding the purpose of the consensus layer given ASX’s position as the central market operator for the CHESS use case.”
by chris_wot 4y ago
lol “Greater consideration is required regarding the purpose of the consensus layer given
ASX’s position as the central market operator for the CHESS use case.”
And
“ From a participant standpoint in the current design and architecture (not withstanding future use cases), there is little value to processing all the business logic on-ledger as ASX maintain data integrity as the market operator and participants receive a point-in-time view via API contracts.”
- ed25519FUUU 4y agoNobody wanted to ask questions because engineers love building sexy things and consultants love billing sexy things.
- stubish 4y agoThis really points to the complete ridiculousness of the project. The ASX is in the business of being a central market operator. The only advantage of a blockchain is to be distributed. So the ASX spent all that money on a project, that if it had worked, would provide no benefit to them. If successful it would pave the way to putting them out of business.