this post was submitted on 02 Dec 2024
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The original post: /r/cryptocurrency by /u/skilef on 2024-12-02 14:47:52.

The report examines the potential of public permissionless blockchains to enhance traditional financial services. It highlights the key advantages of utilizing an open base layer, including transparency, inclusivity, and increased competition, while addressing critical challenges such as scalability, privacy, transaction sequencing, finality, and governance.

The analysis concludes that public permissionless blockchains represent a promising alternative to permissioned platforms, with the potential to reduce dependencies and mitigate monopolistic market structures on a platform level. It emphasizes that compliance does not necessarily require a platform-wide gatekeeper or other forms of base layer regulation, but can instead be implemented higher up on the technology stack. This allows for more flexible approaches, based on asset- and application-types. The paper underscores the importance of continued interdisciplinary research, openness, and dialogue among stakeholders to navigate trade-offs and fully realize the potential of this technology.

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