Mike Klein’s Post

Digital Wealth Insider

5mo

Chain abstraction may sound like an intimidating term but it actually takes out all the complexities. Here’s some more info from E. Dean Tribble from Agoric #crypto #agoric #agoricsystems

Transcript

By the end of the day, right, blockchains, their databases and isolated databases, they don't work very well, right? I always use the analogy like if my bank at JP Morgan couldn't talk to somebody elses, right thing, right? If you couldn't do bank to bank transactions. And that's kind of like where the space is. So I love that you guys are solving this problem because it's so necessary. Bank example is really important because mostly it's abstracted, which is to say I can write a check or I can send the payment. It doesn't matter whether it's Wells Fargo or Bank of America in Silicon Valley. And so they wanted to move their money. But again, it was abstracted away. They didn't care whether the money was moving through a wire transfer, ACH or Swift. What they wanted was to move their money. What people care about, what they wanna hide kind of depends on what it is they're doing. You really want to be able to separate it, simplify it and still make it available to users. That nice balance of deliver a simple solution, but enable people to say, hey, this didn't work. Can we sort it out? You know, is really important. Really by definition. I mean, abstraction seems like an intimate word for removal of the complexities. Exactly. End user, Where can people find more out? About the project nagorik.com/orchestration or categorical on.

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