🚨🤯 A New Financial System Is Being Built On Blockchain For China, Russia and the U.S. To Trade Directly
Russian FM Lavrov just confessed that they need an independent cross-border system that is not controlled by any party and can also absorb external shocks, which the “dollar system” is significantly failing at.
He also added that Russia and China were never against trade with the U.S. but the Dollar and SWIFT system were weaponized against them.
China, Russia, India, Middle East partners, Japan, and beyond are actively exploring deeper financial integration: a neutral, decentralized system powered by blockchain technology, that can trade oil and commerce without any restrictions.
They said, “Stablecoins will not be used.”
Why? Recent events highlight the risks: Over $1B in USDT was frozen due to alleged Iran, Russia and China links, showing even stablecoins can face sudden restrictions. BRICS nations are seeking a truly neutral settlement asset, one that can connect economies East and West without single-point control.
Meanwhile, China just approved fresh trades with the U.S.
Russia has stated it has no issue trading with America.
Everyone wants commerce to flow but history shows payment rails can become tools in geopolitical tensions.
What BRICS said: A multipolar, blockchain-enabled neutral infrastructure could be the bridge that binds global trade in the 21st century.
The pieces are moving. The future of settlement is being written in code.
What truly decentralized asset or blockchain comes to your mind?👇
@easycrypto84@nanoseagull Oh, I'm assuming doge will surely be integrated at one point, regardless of NPM data. If NanoGPT statistics is any indication it is not popular as payment method though.
@RafaRuizdeLira The data is incomplete because your move depends on the current state of the board. There is no knowing wich move the opponent will make. Only probabilites but they are uncertain.
Piotr's been working on an improved bootstrap strategy that could massively improve bootstrap times for Nano
Local test net results: ~5 hours for a full bootstrap, ~10K BPS
Something like this may also improve mainnet max CPS, since out of sync nodes can resync more quickly 👀