SETL: The Private Network of Blockchains

SETL: The Private Network of Blockchains

It seems that private networks of different blockchains are becoming very popular these days. The permissioned blockchain platform SETL has been making headlines recently with its ability to process 1 billion transactions per day. The firm, headed by SETL.io CEO Anthony Culligan, says that permissioned blockchains like his team’s project are the commercial solution to settlement and securities transactions. He believes the systems of today are costly, slow and cumbersome, costing the entire global industry over $60-$80 billion USD. Culligan says: Bitcoin.com spoke with Anthony Culligan....


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SETL claims 1 bn transactions done per day on blockchain

SETL today announced that it has successfully established a test network and has broken the 1 billion transactions-per-day capacity barrier for blockchain movements. For a company that calls itself an initiative to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology, this indeed is big news. In the press release issued to the media, SETL also revealed that it has successfully also developed novel techniques, which allow it to process transactions in a parallel and effectively remove practical constraints on volume.....