No use in comparing Setl’s permissioned chain with Bitcoin’s

By The Narrator, October 12, 2015

“With nodes across Europe, Setl’s network operates using a series of ‘linked’ blockchains that communicate via a so-called ‘witness node’. Back when Setl was announced in July, it was handling 5,000 transactions per second in tests, which amounts to 432 million a day.” – URL

Doesn’t matter. You can settle a gazillion transactions per second in a centralized system, it’s still not secure. If even one node is hacked the system is compromised. And node’s can be hacked, secrets leak, greed corrupts etc.

One Response to “No use in comparing Setl’s permissioned chain with Bitcoin’s”

End Of Year Conclusions And Predictions | webonanza December 31, 2015

[…] way as Ripple (which is dying, I’ll get back on that soon), the same thing will happen to Setl, Stellar, Hyperledger and similar “gateway/unifying system” […]

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