RBS tests demonstrate ability of Ethereum to support a national payment system

[Minecache]

Straight off the back of a fantastic Devcon2 for ETH, the real deal Ethereun, we get this gud news:

RBS tests demonstrate ability of Ethereum to support a national domestic payments system.

https://www.finextra.com/newsarticle/29486/rbs-tests-demonstrate-ability-of-ethereum-to-support-a-national-domestic-payments-system

Let's not beast around the bush. This is major news.

#ETCisCriminalCoin
#sellETCbuyETH
#TogetherWeAreETH

[shyliar]

Straight off the back of a fantastic Devcon2 for ETH, the real deal Ethereun, we get this gud news:

RBS tests demonstrate ability of Ethereum to support a national domestic payments system.

https://www.finextra.com/newsarticle/29486/rbs-tests-demonstrate-ability-of-ethereum-to-support-a-national-domestic-payments-system

Let's not beast around the bush. This is major news.

#ETCisCriminalCoin
#sellETCbuyETH
#TogetherWeAreETH

In a technical paper, the bank says "Ethereum required some modifications to tune its focus from a hugely distributed, public system to a faster moving, private ledger aimed at speed and throughput."

Great news for Ethereum the platform and demonstrates that the EF members may make a lot of money in the future. I do agree that this is what makes Ethereum the platform so interesting. Private ledgers is the likely future for most systems utilizing Ethereum the platform in government, banks and industry.  

Unfortunately for ETH the public chain holders (or "real deal Ethereun" as you call it) there is little benefit. I find that many of these types of articles and forum postings fail to distinguish between ETH the public chain and what Ethereum the platform is.

[shyliar]

The white paper supplied by the Bank specifically discusses the prospect of contributing to the Ethereum Foundation vs Forking. Highly likely that the EF would be interested in the funds and would pursue private chains (Eventually the funds they now hold will run out....only they know the burn rate).

Here's a quote from the white paper:

"Ethereum is very much aimed at being a public system. Many of Emerald’s requirements are at
odds with the broad direction Ethereum is taking. That said, it would be immensely powerful to
extend Ethereum to support both use cases. Some conversations with the core Ethereum team
would resolve whether contributing or forking would make the most sense."

Here's the link to the white paper if interested:

https://emerald-platform.gitlab.io/static/emeraldTechnicalPaper.pdf

[Fuserleer]

blah blah blah ... private ledger ... blah blah blah 

Is this what excites crypto these days?

Can someone explain what the difference is between a private ledger based on DLT tech and the existing private ledgers we already have?  Maybe I'm missing something obvious!

[greenuser]

RBS and Ethereum are welcome to each other.

I remember when crypto stood for everything the banking sector didn't? But then Ethereum don't have a blockchain do they.  It's just a data base that can be changed by the despots with a mouse click.

Good luck to them.  Heres to Ethereum getting in bed with the banks, governments, and big evil corps. They are well suited. I'll drink to that.

[Spoetnik]

Clock is ticking on your 12 month prediction you posted way back eh..
I will be holding you to it.

Mr ETH will be $100 a coin in 12 months.

Or should i say, Mr. Big Banks are using Ethereum and buying "shitloads" of them.

Or should i say, Mr. Microsoft is "using" Ethereum ?

Or Should i say, I don't support ETC "the criminal coin" but i sell them on Poloniex for profit guy.

Or should i say, Mr. IBM is "using" Ethereum ?

Or should i say, Voted unanimously as a fraud here in the Altcoin Section guy ?

..clown.

PS:

ETH = ICO SCAM .

[mining1]

You consider yourself a good fudder i suppose, since you wrote that under your profile. But it is extremely low quality fud i tell you. Good ol' trolls are dead for a looong time.