Public blockchain rails are the foundational, open, and permissionless networks that facilitate the transfer of digital assets and data. These networks operate transparently, allowing anyone to participate as a user or validator. They serve as a decentralized infrastructure for various applications, including payments and smart contracts. Such rails are fundamental to the operation of many cryptocurrencies.
Context
Public blockchain rails are experiencing continuous development, with ongoing efforts to enhance their scalability, security, and efficiency. A key discussion revolves around the environmental impact of certain consensus mechanisms and the transition to more sustainable alternatives. Future progress will focus on increasing transaction throughput and reducing operational costs to support wider adoption.
Deploying a proprietary stablecoin on a high-throughput public ledger fundamentally re-architects cross-border settlement, reducing capital lockup and intermediation costs for the 100M+ customer base.
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