https://goldsilverbitcoin.com/jp-morgan-publishes-code-for-permissioned-ethereum/This distributed ledger, perhaps most interestingly, proposes a new consensus mechanisms, QuorumChain, which is “based on majority voting” and features Constellation, “
a peer-to-peer encrypted message exchange.”
JPMorgan doesn’t exactly see Quorum as competition to Ethereum.
“
Quorum is designed to develop and evolve alongside Ethereum,”
the U.S.’s largest bank by assets writes. “Because it only minimally modifies Ethereum’s core, Quorum is able to incorporate the majority of Ethereum updates quickly and seamlessly.” JP Morgan open-sourced the distributed ledger.
So what is the meaning on influence to the ETH,
Is the Quorum a parasite of ETH?
As a independent blockchain , it seems than Quorumchain would copy/steal the core features and updates of the ETH project.
How do you think?
My thoughts on this is that JP , one of the biggest banks in the world needs ETH....probably because ETH is the the most advanced financial technology out there and has the smartest devs.
All banks are running on old dated systems and an upgrade is urgent but they also require privacy in transactions aswell as conversations as we move into a heavily gov snoopin gen.
Quorum prob will never be available to the public and could copy alot of ETH...but im sure they will also be supporting ETH so they can copy them,lol ETH could end up gaining some of Quorums features.
ETH has backing from some real deeeep pockets (jp, santander, microsoft)and ETH projects like, Consensys, Plutus and LO3 show to me that ETH has a very bright future.
