Why HSBC’s transaction on R3’s Corda wasn’t a ‘world-first’ for blockchain

Why HSBC’s transaction on R3’s Corda wasn’t a ‘world-first’ for blockchain

The Corda platform, developed by the R3 banking consortium, tries to balance traits of permissioned and public blockchains within a network. While some aspects were inspired by public blockchains, Corda was designed from scratch based on the needs of R3’s members and leans far more to the permissioned system. Indeed, although R3 still uses the word “blockchain” extensively to help market…

Litecoin News: Charlie Lee Talks Blockchain Inefficiencies at Consensus 2018

Litecoin News: Charlie Lee Talks Blockchain Inefficiencies at Consensus 2018

Litecoin News: Litecoin (LTC) creator Charlie Lee sat down with CoinDesk at Consensus 2018 to talk CryptoKitties, blockchain inefficiencies, and money. Litecoin News: The Problem with Blockchain is… “Blockchains are inefficient by definition,” Lee stated. He explained that a decentralized system requires the replication of data, meaning that a whole bunch of computers have to…