Interesting read. https://www.forbes.com/sites/vipinbharathan/2022/02/09/project-hamilton-on-the-report-published-by-the-boston-fed-and-mit/?sh=bc9ce3b1d83b

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Hedera Community Chat ($HBAR)

Alan

Interesting read. https://www.forbes.com/sites/vipinbharathan/2022/02/09/project-hamilton-on-the-report-published-by-the-boston-fed-and-mit/?sh=bc9ce3b1d83b

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10.02.2022

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Crypto Consciousness · Accepted Answer

We should understand that Project Hamilton is just a think piece not anything official, but it does carry the authority of MIT....and any Hyperledger Fabric-like structure using RAFT could plug in Hedera for higher security and performance. "Much is made of some statements in the Much is made of some statements in the Executive Summary and in the technical report. The lines are about the suitability of a blockchain architecture for a system administered by a single entity, the Federal Reserve. This is read as the repudiation of the blockchain philosophy for CBDCs. These statements are more about the suitability of such a mechanism for a system administered by a single entity, especially since higher costs, in time and complexity have to be paid for coordination in a blockchain. As most blockchain based consensus algorithms that ensure that all the copies (replicas in distributed system parlance) are atomically consistent, slow replication down. A classic algorithm from distributed systems practice, Raft, is used by Hamilton. This algorithm is one of the choices for Hyperledger Fabric. Byzantine Fault Tolerance (BFT) algorithms, so called because these algorithms admit the presence of malicious or imperfect actors in the inner circle, is for generating trust from a circle of untrustworthy participants. It is based on a classic distributed systems problem called the Byzantine Generals Problem. This transformation a BFT algorithm is also promised in Phase II. Summary and in the technical report. The lines are about the suitability of a blockchain architecture for a system administered by a single entity, the Federal Reserve. This is read as the repudiation of the blockchain philosophy for CBDCs. These statements are more about the suitability of such a mechanism for a system administered by a single entity, especially since higher costs, in time and complexity have to be paid for coordination in a blockchain. As most blockchain based consensus algorithms that ensure that all the copies (replicas in distributed system parlance) are atomically consistent, slow replication down. A classic algorithm from distributed systems practice, Raft, is used by Hamilton. This algorithm is one of the choices for Hyperledger Fabric. Byzantine Fault Tolerance (BFT) algorithms, so called because these algorithms admit the presence of malicious or imperfect actors in the inner circle, is for generating trust from a circle of untrustworthy participants. It is based on a classic distributed systems problem called the Byzantine Generals Problem. This transformation a BFT algorithm is also promised in Phase II."

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Interesting read. https://www.forbes.com/sites/vipinbharathan/2022/02/09/project-hamilton-on-the-report-published-by-the-boston-fed-and-mit/?sh=bc9ce3b1d83b

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