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Show HN: A batch settlement layer for tokenized NYSE stocks
The original intention was just to introduce a time dimension to solve the blockchain trilemma. Now it has turned into 312 Rust crates and 2.8 million lines of Rust code (about 2 million lines in production, about 400,000 lines in standalone test directories, and about 600,000 lines in in‑src test modules).
Perhaps it’s just a huge ball of mud.
The whitepaper that matches this ball of mud is also a huge ball of mud:
https://www.niumeta.com/en/developers/architecture https://www.niumeta.com/en/developers/architecture
This doesn’t seem to be a public chain, nor a consortium chain—but it is definitely secure, decentralized, and its performance is up to standard. I gave it a name: Zero-Trust Network. Also a huge ball of mud.
6 seconds per block is actually quite slow—how can this support high‑frequency order‑book trading?
In reality, high‑frequency order placement and cancellation still happen on centralized servers; only the final settlement is settled on the decentralized system at a 6‑second tick.
That seems workable, because you don’t need to open an account with a broker, you don’t need to pay broker trading fees, and you can trade 24/7.
That said, the code is written, but we don’t have enough hardware and network resources to test and optimize it properly. For now, it’s just boasting
- niumeta_TZ 1mo ago[dead]