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A comment on Web3 is centralized and inefficient. Parent comment

Re:Web3 is centralized and inefficient by thinkmassive on Friday March 25, 2022 @12:35AM (#30798686)
> a mechanism that allows two completely unrelated & unconnected blockchains to transfer tokens between eachother

Atomic swaps already exist.

I still have no idea what that has to do with the nonsensical metaphor "a blockchain is a bank"

[ Parent | on HN ]
Re:Web3 is centralized and inefficient by pharke on Friday March 25, 2022 @09:12AM (#30801708)
The essence of both a bank and a cryptocurrency is the ledger. Everything else is an implementation detail.
[ Parent | on HN ]
Re:Web3 is centralized and inefficient by thinkmassive on Saturday March 26, 2022 @09:47AM (#30811740)
The essence of banks is dealing in risk. A ledger is one tool they use.
[ Parent | on HN ]