JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments

Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by askmike on Friday February 15, 2019 @03:21AM (#19169336)

Most quorum implementations I have seen don't use mining for consensus. Out of the box you can choose between these consensus algorithms: https://github.com/jpmorganchase/quorum/wiki/Quorum-Consensu...

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Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by bhaak on Friday February 15, 2019 @05:32AM (#19169823)

Thanks for the link. I knew there were other consensus algorithms possible but I didn't know of any specific example.

The main point still stands though, the different consensus algorithm allow you more insight than a simple centralized DB that is just a black box.

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Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by askmike on Friday February 15, 2019 @06:53AM (#19170122)

I agree very much. I have worked on quorum based blockchain systems for bank consortiums in the past.

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