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Master Card, Cisco, and Scotiabank Join the Enterprise Ethereum Alliance

entethalliance.org

11–20 of 177 posts

Re: Master Card, Cisco, and Scotiabank Join the Enterprise Ethereum Alliance

#12
> The EEA describes itself as a standards group designed to help enterprises build their own interoperable technology, mostly using private versions of the ethereum blockchain.

Ether price soaring right now, but isn't Master Card's bussiness direct competition of the public Ethereum blockchain as a payment system?

Re: Master Card, Cisco, and Scotiabank Join the Enterprise Ethereum Alliance

#14
post #12

> The EEA describes itself as a standards group designed to help enterprises build their own interoperable technology, mostly using private versions of the ethereum blockchain. Ether price soaring right now, but isn't Master Card's bussiness direct competition of the public Ethereum blockchain as a payment system?

They were reportedly doing research about two months ago into using Ripple as a cross border payment solution.[0]

Circle is using Ethereum presently for cross-border payments.

It might be that they're investigating Ethereum for a similar purpose.

[0] edited for link: http://www.amis.org.mx/amis/img/convenciones/2017/PDF/Plenar...

Re: Master Card, Cisco, and Scotiabank Join the Enterprise Ethereum Alliance

#15

What are the advantages Ethereum has over Bitcoin, except faster transactions?

More capable embedded code that can implement interesting criteria to be enforced on transactions.

I'm just learning but are there any real world examples of this yet? any idea what % of transactions utilize this today?

Re: Master Card, Cisco, and Scotiabank Join the Enterprise Ethereum Alliance

#16

Earlier quoted context omitted.

a Turing complete scripting language for smart contracts that looks like Java

Looks like JavaScript

Actually there are languages outside of Solidity, lll (lisp like) is the most intriguing to me, and Serpent(python like), there is one more (which I am failing to recall).

But Solidity is the flagship language.

Re: Master Card, Cisco, and Scotiabank Join the Enterprise Ethereum Alliance

#18

What are the advantages Ethereum has over Bitcoin, except faster transactions?

Better politics, internally and externally. Internally because the community isn't as hardcore. Externally because it hasn't been publicly associated with black markets the way Bitcoin has.

Re: Master Card, Cisco, and Scotiabank Join the Enterprise Ethereum Alliance

#19

What are the advantages Ethereum has over Bitcoin, except faster transactions?

the developer experience and tooling is easier the bitcoin I believe, it has an official javascript api for its blockchain, and also has a framework/language (Solidity) for creating financial applications on top of it

Re: Master Card, Cisco, and Scotiabank Join the Enterprise Ethereum Alliance

#20
post #16

Earlier quoted context omitted.

Looks like JavaScript

Actually there are languages outside of Solidity, lll (lisp like) is the most intriguing to me, and Serpent(python like), there is one more (which I am failing to recall). But Solidity is the flagship language.

https://twitter.com/VitalikButerin/status/886400133667201024

Serpent is outdated; Viper is an up-and-coming replacement.

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