Ethereum is not instant, but collateral could make it feel that way

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Puffer announced on Sept. 22 that Google Cloud would operate a gateway guaranteeing Ethereum transaction results before final on-chain settlement. This gateway, used first by Puffer’s UniFi network, would enable preconfirmations in approximately 50 milliseconds. The system relies on financial penalties: if a preconfirmation fails, the operator would lose 1 ETH. Both products (UniFi and Puffer Preconf) were still in testing as of Sept. 23, according to CEO Amir Forouzani. The question of actual user compensation in case of failure remains without detailed answer from Puffer.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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