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RE: Ethereum Classic by Craig Grant

in #ethereum8 years ago

Actually I've just remembered one real application of Ethereum blockchain. The biggest bank of Russia called Sberbank is using Ethereum to do proxing service (don't ask me what is it, because I don't know) in their internet wallet account service (i.e. internet bank accounting). And the reason they use it for proxing it that it doesn't need many transactions per second because it is quite rare operation for average bank user.

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great, and there are probaly many other banks using ethereum for things like that, no big deal

A lot of large banks are beginning to use ripple for that; the dao smart contract failure caused banks to become uncertain towards eth because losing 2 weeks of data in a hard fork for them is a lot of work, that they can not afford to lose.

There are too many emerging altcoins that will do the same thing, possibly better. It's inevitable that a better option comes along.

Absolutely, if nothing else came along crypto would be boring lol

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