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

entethalliance.org

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

#21

Post by throwaway91111 »

ojr wrote: post #19
lpasselin wrote: post #7

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

I would also list this in the "con" side. It can be very difficult to spot malicious bugs in the blockchain scripts.

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

#23

Post by tyrust »

benmowa wrote: post #15
JoshTriplett wrote: post #8

Earlier quoted context omitted.

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?

>I'm just learning but are there any real world examples of this yet?

Yes. The whitepaper lists many potential applications [0]. Some interesting ones today include issuing tokens for crowdsales ("ICO"s), gambling applications (FunFair), distributed computing (Golem), peer-to-peer payments and distributed apps (Status). There are many more that I am not familiar with.

>any idea what % of transactions utilize this today?

https://etherscan.io/accounts/c lists all smart contracts along with the amount of ETH they hold and the number of transactions that have called them. This doesn't completely answer your question, sorry.

[0] - https://github.com/ethereum/wiki/wiki/White-Paper#applicatio...

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

#24

Post by DennisP »

ajmurmann wrote: post #13
mpfundstein wrote: post #9

Earlier quoted context omitted.

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

Looks like JavaScript

They both have curly braces but...

Solidity: strong static typing, class-based, all numbers are integers.

Javascript: weak dynamic typing, prototype-based, all numbers are floats.

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

#27

Post by wmf »

45h34jh53k4j wrote: post #4

If you are into the EEA, you should check it out its cousin, the Monero Enterprise Alliance: https://mea.business/

I find the backstory pretty funny (because I didn't lose money, of course): One of the leaders of Monero decided to red-team his own community. http://bitsonline.com/fluffypony-speaks-troll-monero-market/

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

#29

Post by wuliwong »

Torai wrote: 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?

I have always thought that but it just crossed my mind that credit cards are basically just terrible loans. You could still give out loans in cryptocurrencies. Maybe Master Card could just switch if a particular crypto currency gained wide adoption. They could start issuing new cards with some sort of technology that allowed for cryptocurrency transactions at businesses. Or maybe they can use existing card tech, I really don't know anything about that.
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