Ripple & BitFury Crossing «Bank & Blockchain DNA» for Interoperability



Ripple & BitFury Crossing Bank & Blockchain DNA for #Interoperability with Bitcoin BTC & Litecoin LTC: https://steemit.com/@garypalmerjr/

In the Financial System, On one hand, we have «Central Ledger’s», which are the legacy #PaymentNetworks of the old world — and on the other hand, we have #BlockchainTechnology, which is the new «open & secure» peer-to-peer #decentralized #ledger.

Now, #Ripple & San Francisco Based #Bitfury, have teamed up AND are releasing new code that uses #LightningNetwork with #Interledger, to conduct transactions NOT ONLY, between different #cryptocurrencies, but also between the traditional financial systems’ central ledgers, such as #PayPal, #Alipay, & those lame old #BankAccounts.

So, how does connecting traditional bank accounts and PayPal accounts, to the blockchain, effect cryptocurrencies like Bitcoin?
And, if bank account hooks up to a blockchain in the woods, and there’s no Lightning Network to connect it, do we know if it works yet? +Plus Urgent #Trezor Firmware Security Update! Let’s Discuss!

=== Show Links ===

► http://coinmarketcap.com/
► https://www.coindesk.com/lightning-bank-ledgers-bitfury-ripple-demo-new-twist-bitcoin-tech/
► https://blog.trezor.io/addressing-concerns-about-trezor-firmware-1-5-2-4c1f766034c7
► https://www.crunchbase.com/organization/bitfury#/entity
► https://www.reddit.com/r/Bitcoin/comments/6ub4dy/after_trying_to_time_the_market_by_buying_and/
► https://www.reddit.com/r/Bitcoin/comments/6u0pdy/hodl_right_now/

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Ripple & BitFury Crossing «Bank & Blockchain DNA» for Interoperability: 15 комментариев

  • 18.08.2017 в 3:20 дп
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    Desktop Tips: Hover the Video —> Click the "gear icon" —> Select "Speed" —> Select "1.5"
    ✯ Plz Click "Show More" for our Show Notes, Donation Addresses, & other details!
    Donations Keep us Independent ✯ Upvote & Resteem at: https://steemit.com/@garypalmerjr/

    Ответ
  • 18.08.2017 в 3:34 дп
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    HODL4Life is the new secret in Crypto these days!! load up on the ones you think will skyrocket and HODL HODL HODL!!!!

    Ответ
  • 18.08.2017 в 4:12 дп
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    Everything outside the blockchain network sounds like going back to what we already have with the current banking system.
    Sounds like IMF have there conduit into bitcoin via segwit.

    Ответ
  • 18.08.2017 в 4:18 дп
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    this whole story with btc and bitcoin core is total bs . satoshi who created bitcoin said expand the size of the blocks as we go and that's what BCH is doing

    Ответ
  • 18.08.2017 в 4:31 дп
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    Fuck PayPal. i don't want nothing to do with that evil company. they should stay away from cryptos

    Ответ
  • 18.08.2017 в 5:49 дп
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    So they want to connect with bitcoin ? How convenient bitcoin doesn't need to connect to banking and paypal , that will be a down fall full of regulation

    Ответ
  • 18.08.2017 в 7:28 дп
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    do you think you could trim lengths down to 15 or 20 mins? by trimming the fat so to speak, lots of channels and very little time for most of us. I have to skip through allot of general chat/and saying the same thing in a different way;-)

    Ответ
  • 18.08.2017 в 12:45 пп
    Permalink

    Technically sound like an equivalent of a ESB but here is an Enterprise Cryptocurrency Bus, not a bad idea from a software company and software perspective, but here they are adding an intermediary, where lands the pure P2P that was the original challenge solved with bitcoin & blockchain. Also, this "middleware" will face a huge challenge on frauds, how they will be more agile than blockchain times confirmations? Are they going to take the risk?

    Ответ
  • 19.08.2017 в 2:35 дп
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    The scary part is xrp is not mentioned even once in the Ripple/Bitfury article. I believe Japan's banks will be utilizing Ripple software near the end of this year, but only hope the banks do not give up on xrp also.
    A scenario I see in my mind is the banks use ripple and xrp; and xrp becomes so popular that it becomes a decentralized crypto in its own right — another Bitcoin. ciao.

    Ответ

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