Franklin Templeton CEO: Public chains are expected to replace some traditional financial infrastructure and unlock new value for investors

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ChainCatcher reports, according to Fortune, Franklin Templeton CEO Jenny Johnson stated that public chains are evolving into highly efficient coordination machines, potentially replacing some traditional financial infrastructure while releasing new value for investors. Solana is one of the first blockchains focused on institutional investors, demonstrating the ability to process nearly 65,000 transactions per second, a figure comparable to the Visa network. Sui is a newer blockchain with transaction processing speeds almost twice as fast. With upcoming upgrades, public chains may soon be able to increase their throughput to hundreds of thousands or even millions of transactions per second.

Decentralized trading platforms like Uniswap, which allow peer-to-peer market making without custody, are closely trailing their centralized counterparts, processing trillions of dollars in transactions annually. As these systems improve in speed, their verification and security features have also significantly enhanced, not only defending against hacker attacks but also better verifying identity and asset ownership. The transformation of digital asset technology will not be slow or incremental. It is expected that our industry will develop faster in the next five years than in the past fifty years.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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