The UK RLN's just the next steps of Project Rosalind.
โข Plans to interoperate with Agora BIS RLN
โข Comm banks in Rosalind testing RLN too
โข Mastercard & Visa participation
โข Rosalind Phase 3 scheduled for 2024
$QNT
You want global adoption of crypto?
Watch the major enterprises and financial institutions.
No central bank works closer with @BIS_org than the @BankofEngland.
And it just so happens the BoE uses $QNT for all DLT payments, tokenization and interoperability.
Itโs obvious now ...
The regulated world will run on a unified ledger, accessible through standardized, secure APIs.
๐๐ฅ๐ฎ๐ ๐๐ง๐ ๐ฉ๐ฅ๐๐ฒ ๐ฉ๐ซ๐จ๐ ๐ซ๐๐ฆ๐ฆ๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ง๐ ๐ข๐ง๐ญ๐๐ซ๐จ๐ฉ๐๐ซ๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐จ๐ซ ๐๐ฅ๐ฅ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐ฆ๐จ๐ง๐๐ฒ ๐ง๐๐ญ๐ฐ๐จ๐ซ๐ค๐ฌ.
You donโt have to like it, but itโs happening.
Welcome to Overledger.
โ๏ธ ๐๐๐๐๐๐๐๐: The Bank of England confirms their new RTGS will be introduced โin the next few months.โ
This system currently settles ยฃ755 BILLION PER DAY.
The new system, which includes โa new core ledgerโ and โgreater interoperability,โ is likely to use $QNT and Overledger as its core infrastructure.
The report also discusses new experiments around wCBDC, synchronization, and interoperability with global ledgers (via Project Agorรก).
The overhaul of the financial system doesnโt seem to be slowing down...
And $QNT appears to be in the middle of it all.
The Internet Engineering Task Force meets 3x/year to bring new Internet protocols to life.
Yesterday, at IETF 120, $QNT-founded SATP was first on the docket for discussion. ๐ฅ
I watched the entire 2-hour presentation so you donโt have to.
Here are 5 things you NEED to know:
(๐๐ฐ๐ณ ๐ฏ๐ฆ๐ธ ๐ณ๐ฆ๐ข๐ฅ๐ฆ๐ณ๐ด, ๐๐๐๐ ๐ช๐ด ๐ต๐ฉ๐ฆ โ๐๐ฆ๐ค๐ถ๐ณ๐ฆ ๐๐ด๐ด๐ฆ๐ต ๐๐ณ๐ข๐ฏ๐ด๐ง๐ฆ๐ณ ๐๐ณ๐ฐ๐ต๐ฐ๐ค๐ฐ๐ญ,โ ๐ข ๐ด๐ต๐ข๐ฏ๐ฅ๐ข๐ณ๐ฅ๐ช๐ป๐ฆ๐ฅ ๐ฑ๐ณ๐ฐ๐ต๐ฐ๐ค๐ฐ๐ญ ๐ง๐ฐ๐ณ ๐๐๐ ๐ฏ๐ฆ๐ต๐ธ๐ฐ๐ณ๐ฌ ๐ต๐ฐ ๐ญ๐ฐ๐ค๐ข๐ต๐ฆ, ๐ค๐ฐ๐ฏ๐ง๐ช๐ณ๐ฎ ๐ข๐ฏ๐ฅ ๐ด๐ธ๐ข๐ฑ ๐ฅ๐ช๐จ๐ช๐ต๐ข๐ญ ๐ข๐ด๐ด๐ฆ๐ต๐ด ๐ต๐ฉ๐ณ๐ฐ๐ถ๐จ๐ฉ ๐ต๐ฉ๐ฆ ๐ถ๐ด๐ฆ ๐ฐ๐ง ๐๐๐ ๐จ๐ข๐ต๐ฆ๐ธ๐ข๐บ๐ด.)
#๐ ๐ NEW BIG BANK CONFIRMATION
SATP contributor Venkatraman Ramakrishna confirmed his IBM Research team implemented SATP in a series of 2021 experiments exploring the potential of a Digital Euro.
The proof-of-concept they built interoperated the Bank of France (using Hyperledger Fabric) and HSBC (using R3 Corda). ๐ฅ
#๐ ๐ $QNT IMPLEMENTATION
SATP Co-chair and Quant Network PM Claire Facer confirmed Quant Head of Innovation Luke Riley is working on a custom implementation of SATP.
Presumably this will run via Overledger.
#๐ ๐ POTENTIAL CHINESE ADOPTION
Peter Liu from Huawei reported Chinese operators are raising money to build dedicated, nationwide networks to support data exchange and transactions.
Whitepapers stating these commitments were recently published by China Mobile and China Unicom.
Peter sees this as an opportunity for further implementation of SATP.
#๐ ๐ INTEROPERATING THE CLOUD
SETL CEO Anthony Culligan was a contributor at the meeting (see video attached).
Some key points he discussed:
โข Coming from traditional finance, Anthony sees a โclear demandโ and โmassive opportunityโ for this type of protocol as soon as its ready.
โข In the โvast majority of cases,โ Culligan thinks enterprises will use SATP to interoperate cloud-based ledgers before they use it for DLTs.
โข Heโs very encouraged by the work thatโs been done, and has agreed to be a text contributor to the โUse Caseโ document.
#๐ ๐ NEW DOCUMENT DUE DATES
โข The โArchitectureโ & โCoreโ document due dates have been extended to January 2025.
โข The โUse Caseโ document due date has been extended to July 2025.
โ๏ธโ๏ธ
The IETF are the kingmakers of technical internet standards, and SATP is the most important protocol nobody knows about.
For $QNT, itโs never been more clear that API gateways are set to dominate the digital asset landscape for years to come.
$AR balance on Binance down to 10,971,293 AR
Lowest since Iโve been tracking it daily from June 13th when it was 12,700,000 AR.
The Binance balance has decreased by 14% in just over a month.
Supply Shock
$AR balance on Binance down to 11,035,587 AR
Lowest since Iโve been tracking it daily from June 13th when it was 12,700,000 AR.
The Binance balance has decreased by 14% in just over a month.
Supply Shock
While your hands are weak during the dip, here is the top gainer in the last 7 days.
1/ $WLD - @worldcoin up over 50%
2/ $XRP - @Ripple up 40.13%
3/ $ICP - @dfinity up 39.02%
4/ $AR - @ArweaveEco up 37.58%
These recoveries seem insufficient as altcoins have been plummeting since BTC experienced a slight decline.
However, weak-hands still didn't catch the worms this time.
$FILTER Launch information; trading will go live between 5-6pm UTC.
โ The contract address will be posted ONLY in the official Telegram group https://t.co/4rpfB1YzJg.
โ Do not trust any DMs during this time, none of the team will message you, no other groups are real so remain in the Telegram group if you wish to trade the token at launch, stay safe.
โ The LP pool has 80M $FILTER and 2 ETH.
โ We will be using Uniswap V2.
โ There will be anti-bot measures in place. There will be a max wallet buy in place that will increase every block on ETH. The max wallet buy amount will be 2M tokens per wallet, every block will increase the amount that can be bought by 4M tokens per wallet.
โ The tax on the first few blocks will be 15% and then the tax will be locked at 5% where it will stay forever, this is not modifiable beyond this point and the contract will be locked.
โ There is no whitelisting for anyone and the team do not have token allocation on TGE.
โ None of this is financial advice to buy or trade the token.
Market overview of the current state of #Bitcoin demand and supply.
- miners โ๏ธ
- German govt ๐คก
- ETFs ๐ฆ
- Futures ๐ฒ๐ฐ
Punctuated in emojis for ELI5ers.
๐งต