http://www.bankofengland.co.uk/Documents/fintech/fintechpocdlt.pdf
The Banks technology teams built and deployed a multinode scalable distributed ledger environment on the
Ethereum protocol. Key features of distributed ledger that were tested in our POC included cons
ensus via a
proof of work mechanism, resilience, transparency, smart contracts and data integrity.
sweet
The Banks technology teams built and deployed a multinode scalable distributed ledger environment on the
Ethereum protocol. Key features of distributed ledger that were tested in our POC included cons
ensus via a
proof of work mechanism, resilience, transparency, smart contracts and data integrity.
sweet
and why did the BoE choose Ethereum? it chose Ethereum because it gives the central bank control. Ethereum has a reset button. old habits die hard. Ethereum is not a decentralised system. it can be controlled and manipulated from the centre.
oh also as for the centralised -decentralise stuff, yes your right.
But there is now a choice
Yes ETH is prob designed for business use
Billion$ businesses and banks that want involved in crypto can call the ETH team direct and recieve advice ( r3 report example )
Who do they call if they want to use btc?
Soon Rootstock will offer ETH style service which many of you are looking forward too, what then does BTC become partially centralised too?
Buy both be happy
There will be many updates...Metropolis around sept 2016 is one of the first big ones.