All Bank Ledgers Are Ethereum (ETH) Side Chains – They Just Don’t Know It YetOctober 29, 2020
CNBC reported on how JPMorgan creates new unit for blockchain projects, says the technology is close to making money.
Ryan Sean Adams crypto investor, citing the CNBC publication as a source, expressed his views on JP Morgan coin? No big deal It’s just the largest bank in the U.S. creating an entire unit for digital currencies using a private Ethereum-based Side Chain Watch the rest follow All bank ledgers are Ethereum Side Chains They just don’t know it yet.
Users have to state that there is also a growing interest about the kind of Oracles they will be using.
Some of them were doubtful and they asked can this be done on Ethereum. With all the scalability issues. And, transaction fees. Layer 2 solutions are still debatable CBDC’s and private CeDeFi about to become a thing.
Some have to state that things will get better on Ethereum with Eth 2.0 upgrade. More banks will want to get into this but few will manage.
When someone asked how do you know it is Ethereum based? The reply was that ConsenSys acquired Quorum from JP Morgan. Left someone wondering if only Ethereum figured out a way to use ether on these side chains.
Someone who tried to make fun of the whole thing stated, they’ll attempt to create the visa of blockchain.
Regarding the statement, Sydney Ifergan, the crypto expert tweeted: “I am still trying to understand the idea of all bank ledgers being Ethereum Side Chains and on how they actually missed knowing it.”
Ethereum Developer Content Repository
Ethereum retweeted: “Want to learn more about the tech behind Ethereum? Or want to share your wisdom with the next generation of builders? Check out our new developer portal, complete with docs, tutorials, and more! Here’s a little about what’s included and why we built it.”
This updatable repository for developer content will help users to learn about Ethereum under the hood, Experiment with code, and understand the tech stack of dapps.
Ethereum documentation is important as it gives one the background needed to understand how Ethereum works and how to build on the web3 stack. Community tutorials will get translated to reach enormous audience.
They are looking for help right away with the following topics in the respective pages for Development Network, Indexing and Querying, Compiling smart contracts, Running your own node, smart contract upgradeability, deploying smart contracts, testing smart contracts, nodes as a service, and consensus mechanisms.