Emin Gün Sirer🔺⚔️
@el33th4xor
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The @AvalancheFDN is tackling the questions this industry needs answered. 150+ proposals in. Looking forward to digging in with the committee.
The reason cross-border payments are slow isn’t the wire. It’s the pre-funding requirement.
Today, banks have to park billions of dollars in dormant accounts around the world so payments can settle when needed. That capital sits idle instead of being put to work.
When settlement is guaranteed in seconds at the protocol level, that requirement largely disappears. Capital can remain productive until the moment a payment actually needs to move.
That’s what the Avalanche Payments Collective is building toward.
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So this is happening on $AVAX.
Excited to hear @John1wu at the Frontier Stage at Consensus Miami.
Ten years ago, I typed out a warning in real time in Google docs while hundreds of anonymous wombats and chupacabras watched over my shoulder. Three weeks later a hacker drained $60M, 15% of all ether was at risk, and Ethereum forked to survive. We called it before it happened. A decade of audits, formal verification, and hard lessons later, I think we've made enough progress to get it right the next time. I shared my story in @FortuneMagazine, out today.
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