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<blockquote data-quote="Faceplanted" data-source="post: 4857087" data-attributes="member: 56697"><p>They can and will once arbitrum and optimism come out. The idea that blockchains need to scale is 2018. Layer 2 systems open the door to basically decentralized super computers, while still being 100% secure and automated.</p><p></p><p>banks current systems may be able to do it currently for fractions of a cent, than they have to pay for a legal team, people who program/upload data, and wait days/weeks to settle. Escrow, price feeds for stocks/commodities, data for insurance. It will all be automated saving companies a huge amount of money. </p><p></p><p>INDUSTRY STANDARD, has already been standardized. </p><p></p><p>garbage in garbage out is almost impossible, and ideas like super liniar staking will make it extremely secure... secure enough for J.P. Morgan, Citibank, Nasdaq PayPal/paxos ect to move and utilize blockchain.</p><p></p><p>proof of reserve snd price feeds are the building blocks of financial smart contracts.</p></blockquote><p></p>
[QUOTE="Faceplanted, post: 4857087, member: 56697"] They can and will once arbitrum and optimism come out. The idea that blockchains need to scale is 2018. Layer 2 systems open the door to basically decentralized super computers, while still being 100% secure and automated. banks current systems may be able to do it currently for fractions of a cent, than they have to pay for a legal team, people who program/upload data, and wait days/weeks to settle. Escrow, price feeds for stocks/commodities, data for insurance. It will all be automated saving companies a huge amount of money. INDUSTRY STANDARD, has already been standardized. garbage in garbage out is almost impossible, and ideas like super liniar staking will make it extremely secure... secure enough for J.P. Morgan, Citibank, Nasdaq PayPal/paxos ect to move and utilize blockchain. proof of reserve snd price feeds are the building blocks of financial smart contracts. [/QUOTE]
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