Re:The Fed’s plan to speed up payments despite banks’ resist...
by tatersolid on Tuesday August 13, 2019 @10:12PM
(#20692153)
A public Merkle tree like the certificate transparency logs can serve the same purpose a million times more efficiently than a PoW blockchain.
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Re:The Fed’s plan to speed up payments despite banks’ resist...
by shamir on Wednesday August 14, 2019 @04:58PM
(#20699887)
True. But its not programmable, in the way that Ethereum is for example. And that would be a nice feature to have in a payments system. PoW would never make sense for the Fed anyway - more likely PoS with some combination of Member Feds and participating FIs doing the staking and validating would make more sense.