The SEC’s approval lets Nasdaq test blockchain-based versions of stocks that trade and settle like traditional shares.

The SEC’s approval lets Nasdaq test blockchain-based versions of stocks that trade and settle like traditional shares.

  • trolololol@lemmy.worldEnglish
    1·
    41 minutes ago

    So what I got is that the pre existing stocks will be split behind the scenes into stocks that are settled by a clearing house as usual, and settled by the same clearing house with blockchain.

    I’m just confused, if you have one authority, a single one, responsible for settlement, then a database is enough. And a blockchain with one node that writes and many that read, is ridiculous.

  • Rioting Pacifist@lemmy.worldEnglish
    10·
    4 hours ago

    Straight to jail, everyone involved in this and the results t scams should be sent to jail day 1 of the next presidents.