Deutsche Bank has made its initial foray into tokenized money by launching an innovative Ethereum-based platform, signalling a major step towards adopting blockchain technology.
This new venture aims to revolutionize record-keeping services for tokenized fund issuers. It offers an interoperable solution designed to enhance efficiency, lower costs, and streamline processes.
Using Ethereum is akin to relying on third parties for everything. It's surprising that such large companies exhibit poor R&D capabilities. Ethereum cannot meet their blockchain needs effectively. Only Avalanche subnets can be truly beneficial for them. Even if they prefer Ethereum, they can run EVM through an Avalanche subnet, thereby gaining the speed, decentralization, and instant settlement features of Avalanche while still working with Ethereum assets.
Ultimately, all roads lead to Avalanche.
didn't know such a thing happened, thx for posting. sadly avalanche lately is giving all the red flags so I can't say i'm surprised and that they should've chosen avax
Which red flags you are talking about?
some major ones:
foundation pouring so much into meme tokens in vain
web3 gaming focus, pretending that those shooter games are any good
members leaving the team (don't know much about this, this one may be not that important)
Just to make clear that the network will not be effected where all other will be such as Solana, and all ETH L2s as they are single chain. On Avalanche everything about memes happening on C-Chain which is the subnet for playing around. and is isolated from the real stuff.
Totally Agree, I wanted to speak about this but I know many many especially on Arena are shillers meme lords and scammers and there I got no engagement and attacks. But also I see Emin is pushing back on memes. I was surprised that the foundation get to promote so funding for meme token.
Definitely valid points when I don't look with my "maxi-glasses"... Thanks for pointing out again 👍
Don't know if this fits into "Blockchain-Education" but nevertheless:
I was wondering when domani ($dextf), a Blockchain partner of Deutsche Bank, decided to leave Avalanche. Bad decision in my opinion, but I don't know if this makes it more unlikely that DB will choose AVAX mid-term..
Fit because you need to know that companies using the blockchains as digital infrastructure is the very big part of Blockchain education. Here is Why. If people or those that are on positions in companies or even small business do not understand why this technology exist and what is the main use then they will use wrongly as DB above. They do not use the blockchain as digital infrastructure if they stay on Ethereum they are the users or devs for smart contracts.
