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Armani Ferrante
The question I have is what is the threshold for “peer to peer”. No one runs their own validator. Is 1000 nodes enough? 20? 3? As long as something isn’t under common control is that sufficient? These are the hard questions that matter as the world gets into the details.
Sep 5, 22:03
An incredible joint statement from the SEC and CFTC, today, opening the door to crypto in the USA. Although the details matter, the mandate is clear: the future of finance is onchain.
This news hits close to home as @Backpack marches on its path to becoming the first trust minimized, on chain, and regulated exchange product in the world.
Today, we do proof of reserves every day. We have a distributed, multi-validator architecture controlling not only exchange execution but also custody. And now, we shift our focus to real time state integrity for full end to end verifiability from the beginning of time until the present, anchored by public chains.
There's much work to do.
🧱 by 🧱
31.06K
An incredible joint statement from the SEC and CFTC, today, opening the door to crypto in the USA. Although the details matter, the mandate is clear: the future of finance is onchain.
This news hits close to home as @Backpack marches on its path to becoming the first trust minimized, on chain, and regulated exchange product in the world.
Today, we do proof of reserves every day. We have a distributed, multi-validator architecture controlling not only exchange execution but also custody. And now, we shift our focus to real time state integrity for full end to end verifiability from the beginning of time until the present, anchored by public chains.
There's much work to do.
🧱 by 🧱
43.16K
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