What if I told you a relatively unknown blockchain network is breaking barriers for big banks & may soon find itself at the heart of global finance?
Let's dive deep into the world of @MetalBlockchain
& its groundbreaking integration with #FedNow 🧵👇
Let's dive deep into the world of @MetalBlockchain
& its groundbreaking integration with #FedNow 🧵👇
1/ Why should we care? The traditional financial industry, worth ~$600T, is gearing up to go on-chain. Any blockchain that can capture even a fraction of this world will capture billions in value. And Metal Blockchain might just be the one to do it.
2/ Introducing @MetalBlockchain: Optimized for global finance, it focuses on features like Bank Secrecy Act compliance, privacy, & Swift ISO 20022 standards. It's customer-centric, designed to facilitate high-volume transactions between financial organizations.
3/ The Metal Blockchain is a fork of the Avalanche blockchain, capable of processing about 4,500 transactions per second, which are settled in under 0.5 seconds. It's theoretically infinitely scalable through subnets, making it a game-changer for global finance.
4/ Metal's Layer 0 approach allows it to connect & communicate with other blockchains like Bitcoin, Ethereum, Solana & Polkadot. It’s EVM-compatible, meaning any dapp built on an EVM blockchain can easily migrate to Metal. Plus, it features on-chain key recovery.
5/ A standout feature is the addition of the A-Chain, a blockchain called Proton Chain (@ProtonXPR) , enabling additional functionality for creating digital assets, DeFi, dapps, DAOs, & messaging. It also hosts dApps that banks can use, bridging traditional finance & crypto.
6/ The Metal Blockchain has its own native token: $METAL. It's used to pay for transactions, secure the network through staking, & as a basic unit of account for transactions between different subnets. To become a validator on the network, you need 2,000 $METAL tokens.
7/ The Metal Ecosystem is more than just the Metal Blockchain. It includes the Proton Chain, Metal Dollar, Metal DAO, MetalPay, & WebAuth. All these components are built to provide compliant, blockchain-based financial services to both consumers & corporations.
8/ The Metal Blockchain is developed by Metallicus, a for-profit blockchain payments company. Their advisory board is filled with financial veterans from the Federal Reserve, Citigroup, BNY Mellon, and more, providing a wealth of experience and connections.
9/ With FedNow going live in July 2023 & many more payment rail upgrades and CBDCs likely introduced over the next few years, Metal Blockchain seems ideally positioned to take a significant market share. Stay tuned as we watch this exciting space evolve!
Read our full breakdown of Metal Blockchain and its integration with FedNow here:
flagship.fyi
What are your thoughts on #MetalBlockchain? How do you see these developments in contrast with DeFi as we know it?
flagship.fyi
What are your thoughts on #MetalBlockchain? How do you see these developments in contrast with DeFi as we know it?
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