Token Daily - Quorum’s creator says the project was going nowhere, JPMorgan wanted rid of it

He also said that nothing built on Ethereum is capable of scaling.

vegasluna Platinum | QC: ETH 201, CC 109, BTC 35 | TraderSub 4 months ago

forget it bud. Cosmos IBC means instant scaling to infinity for Ethereum..... visa is toast . make them look like snail-mail.

samsedar Tin 4 months ago

Lol fucking losers jpm

cryptolicious501 Silver | QC: KIN 176, CC 108, ETH 33 | VET 38 | Tr 4 months ago

Quorum under ETH will begin to take on nostro vostro accounts for banks across the world. Essentially, ETH is going to do what XRP has failed to do but this time they'll have the backing of JP Morgan as a board member on Consensys.

And considering ETH is now the vortex of all things finance via DeFi, it's a perfect fit; a match made in heaven. Ad's for Ethereum with JP Morgan's brand coming soon.

R4ID Platinum | QC: CC 1361, XRP 156 | r/NFL 12 4 months ago

"this that was abandoned due to lack of scalability will solve this massive scalability problem" GL with that.

Always_Question Platinum | QC: ETH 540, BTC 411, CC 158 | TraderSu 4 months ago

L2 solutions offer 1000s of transactions/sec that inherit L1 Ethereum security. Available and working today.

R4ID Platinum | QC: CC 1361, XRP 156 | r/NFL 12 4 months ago

This is your L2 Solution being abandoned for being too slow >So when you take something like the EVM, which was never the bottleneck on a public blockchain and you put it onto a private chain, all of a sudden, it can very easily become the bottleneck. And that is one of the reasons that Quorum had a lot of trouble just performing more than (the numbers I have heard) between two hundred and thousand transactions per second.

Always_Question Platinum | QC: ETH 540, BTC 411, CC 158 | TraderSu 4 months ago

Meh. Temporary problem. EVM to transition to eWasm within next couple of years. Private blockchains really aren't that interesting. Public is where it is at. Ethereum is the only chain right now with the "problem" of high adoption.

R4ID Platinum | QC: CC 1361, XRP 156 | r/NFL 12 4 months ago

>Ethereum is the only chain right now with the "problem" of high adoption. You mean low scalability, XRP has been shown and tested up to 4.5 million (and didnt even break a sweat) Eth is barely over 1 million and is falling apart... Theres only 1 project with a line that is constantly above BTC and ETH in usage.... its XRP https://bitinfocharts.com/comparison/transactions-btc-eth-xrp.html

Always_Question Platinum | QC: ETH 540, BTC 411, CC 158 | TraderSu 4 months ago

Yes, and I can run millions of transactions/sec on my central server. Amazing performance!

R4ID Platinum | QC: CC 1361, XRP 156 | r/NFL 12 4 months ago

2% operated by Ripple, how big are ETH and BTC mining pools again? right. got it.

Always_Question Platinum | QC: ETH 540, BTC 411, CC 158 | TraderSu 4 months ago

Gov can easily shut down the central/known XRP validators. Then game over because the XRP ledger would be susceptible to Sybil attacks. POW miners on Ethereum about to be shown the door. Don't care about their mining pools, b/c their days are numbered. Ethereum will be the most decentralized/secure blockchain in the world post haste.

R4ID Platinum | QC: CC 1361, XRP 156 | r/NFL 12 4 months ago

>Gov can easily shut down the central/known XRP validators. lie >Then game over because the XRP ledger would be susceptible to Sybil attacks. which users can prevent by removing their power. >Ethereum will be the most decentralized/secure blockchain in the world post haste. and it's value still wont need the demand required to secure the smart contracts... smh

lj26ft Platinum | QC: XRP 603, CC 392 | r/Politics 325 4 months ago

They still cost too much. Even with the adoption Eth has currently they are helping to alleviate congestion but the cost inhibits commerce. $10 to $20 to get started $3-$5 per transaction if your lucky. That's not going to scale its a bandaid.

Always_Question Platinum | QC: ETH 540, BTC 411, CC 158 | TraderSu 4 months ago

> $3-$5 per transaction if your lucky. And once on L2, pennies. Listen, we aren't quite there yet, but it is coming. All major DeFi applications now looking to migrate to L2, many on the same L2 solution to maintain composability.

lj26ft Platinum | QC: XRP 583, CC 381 | r/Politics 325 4 months ago

It's the end of Ripple! The end of XRP! This permissioned fork of Ethereum created internally at Jp Morgan that they completely abandoned is going to take over the entire $6.6 trillion a day interbank FX market. Hoo ray. In case it's not obvious to the smooth brains who may be reading this is sarcasm.

cryptolicious501 Silver | QC: KIN 176, CC 108, ETH 33 | VET 38 | Tr 4 months ago

Right so Consensus along with JPMorgan has been given a broken project to do nothing at all..? "Hi were JP Morgan we want to give you a broken toy that would do what XRP was going to do and we want to a position as a board member along side of Microsoft and Intel." Your not thinking rationally are you nor do you seem to understand how big business works and until you work with multi billion dollar companies from tech to entertainment like I have..., you will fail to chose winners (ETH) instead of losers (XRP) but I'll let you figure that out. GL with that.

R4ID Platinum | QC: CC 1361, XRP 156 | r/NFL 12 4 months ago

"Martino says that the real issue with Quorum is that it just does not scale." keep ur head in the sand, I dont mind at all.

hashparty Platinum | QC: CC 306, BTC 91, XMR 22 | r/Politics 4 months ago

All they did was clone go-ethereum and tape on simple new consensus options.

cryptolicious501 Silver | QC: KIN 176, CC 108, ETH 33 | VET 38 | Tr 4 months ago

Right. So what do you think what's going to happen when the *creators* of ETH get ahold of this "broken" project? Haven't you considered Joe and his team have looked at Quorums code and said, "He can rebuild him. We have the technology..." This is the first concrete evidence that XRP will go nowhere; the cult is on suicide watch. The cognativedisodence within XRP is insane. Border line bot tier... Hmmmm... The future is more clear when your older perhaps reflecting on similar instances in ones past makes the similar instances more clear in the future. TL;DR It allows you to choose winners over losers. Being an INTJ I find it fascinating really.

hashparty Platinum | QC: CC 306, BTC 91, XMR 22 | r/Politics 4 months ago

You sound manic, hope ur ok. I never considered XRP a serious contender for anything. I just hope Eth can indeed scale at some point. Someone will figure this out because the reward for doing so is massive.

lj26ft Platinum | QC: XRP 603, CC 392 | r/Politics 325 4 months ago

Best thing that ever happened to Ethereum and XRP is Flare that's about to launch. Flare is using XRP as the value transfer base layer to scale the Ethereum virtual machine. Created by Ethereum developers. XRP is the best value transfer chain.

lj26ft Platinum | QC: XRP 603, CC 392 | r/Politics 325 4 months ago

Quote from the creator of Quorom below, earth shattering I'm sure it'll be a real winner. Lmfao "Quorum was a real attempt at making Ethereum technology stick in an industrial setting. But it’s being re-homed and I really don’t think there’s going to be a lot of progress down the line from ConsenSys. From my point of view, I think they’re mostly buying the brand and being able to just use the Quorum trademark and intellectual assets from that point of view for marketing.”

cryptolicious501 Silver | QC: KIN 176, CC 108, ETH 33 | VET 38 | Tr 4 months ago

So your trying to use a quote from a failed developer and try to compare it and say the best blockchain developers and fix a broken project? OK. Sure. Nothing broken never gets fixed in the blockchain space when you have the largest pool of blockchain developers in the world, right? GL with that xpr you've been sniffin, boy.

lj26ft Platinum | QC: XRP 603, CC 392 | r/Politics 325 4 months ago

The platform has scalability problems baked in, admitted by its creator. It's never going to be used for anything besides IP. Ethereum is having problems with scaling right now with the Defi shit coin carnival. You seriously believe quorum is going to straight take over the interbank 6.6 trillion a day FX market all by itself. And Ethereum will be able to handle FX remittances when it can barely handle shitcoinfest. delusional...

cryptolicious501 Silver | QC: KIN 176, CC 108, ETH 33 | VET 38 | Tr 4 months ago

"Ethereum is having problems with scaling right now with the Defi shit coin carnival." What has done nothing since its ATH of $3.30? Answer: XRP What has ETH done? DOYR, !#$! and start with DeFi, dufus. "You seriously believe quorum is going to straight take over the interbank 6.6 trillion a day FX market all by itself." Why not? If the ultimate shit coin that, yes, every single person on Reddit, /biz/, and medium know's is a freaking joke, can do it WITH THE BACKING OF JP MORGAN which Garlintard couldn't do then yes... WTF Not... Lurk harder pleeb.

aogoremaster 4 months ago

You know, the more this guy types in all caps, the more I start to agree with his worldview.

atrueretard Redditor for 3 months. 4 months ago

thats cus it was a shitcoin

Antana18 4 months ago

So, a former jerk that left Quorum a while ago and has created an Ethereum competitor now wants some spotlight to shill his creation... great article!

See all

Trending this week..

SARS-CoV-2 501Y.V2 escapes neutralization by South African COVID-19 donor plasma

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures

IPFS Support in Brave

TokenSoft

TokenSoft is the volume leader in compliant token sales.
Dharma

The open protocol for tokenized debt.
Coinbase

A secure online platform for buying, selling, and storing digital currencies.
Lightning

A second layer, off-chain scaling proposal for bitcoin.
Coda (o1)

Ensuring the blockchain is inexpensive and accessible to everyone.
0x

An open protocol for decentralized exchange on the ethereum blockchain.
See all

Stay up to date on all things crypto and blockchain

Trending this week..

© 2021 Token Daily

Stay up to date on all things crypto and blockchain

Trending this week..

© 2021 Token Daily

🙌 Login to Token Daily