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Dogan
@doganeth
Only a few are aware that Istanbul's Stock Exchange has an RWA-focused EVM blockchain that; - Is being validated by big banks (or financial institutions in Turkiye) - Is private (only the government can see the transactions) - has a product called BIGA, which is an onchain gold that Turkey's Treasury Bank issues. - Is live, and Turkish citizens can now use it on their mobile bank applications. The picture below is the diagrams that I used to explain why a ZK-based Rollup on Ethereum would be beneficial for bringing interop to their chain. https://takaschain.takasbank.com.tr/index-en.html
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✳️ dcposch on daimo
@dcposch.eth
what does it mean to have an EVM chain that "is private... only the govt can see the transactions"? can you connect to this chain via JSON RPC? deploy contracts?
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Dogan
@doganeth
You can not; it is permissioned.
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✳️ dcposch on daimo
@dcposch.eth
what's the benefit of having it be an EVM chain, in that case? vs a more typical tradfi setup with a ledger in a SQL DB.
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Dogan
@doganeth
I think it is because they wanted to be compatible with existing web3 infra: i.e. wallets, indexers and probably CEXes in the future.
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pa7x1
@pa7x1
Composability. One day the Fed may have a similar one. And the BCE... If all those chains, despite being private and permissioned, post zk proofs on Ethereum you get a level of interoperability and composability that is unmatched.
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