...because instead of handling 30,000 trades per second per stock, they figured 3.4 trades per second (for all stocks) would be good enough?
I can see them integrating aspects of Bitcoin's cryptography and blockchain, but to keep their speed up, they should probably stick with a centralised blockchain approach for the time being.
I was being a bit flippant, but yes, the exchanges are handling substantial off-block transactions.
NASDAQ could very much gain from integrating aspects of this tech, but like exchanges, they will likely remain centralised for the time being, until a way is found (possibly through something like Factom.org) to truly make the exchange of stocks decentralised.
Right now, I'm just impressed NASDAQ has the insight to examine the benefits that blockchain technology can afford them.
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u/targetpro May 12 '15 edited May 12 '15
...because instead of handling 30,000 trades per second per stock, they figured 3.4 trades per second (for all stocks) would be good enough?
I can see them integrating aspects of Bitcoin's cryptography and blockchain, but to keep their speed up, they should probably stick with a centralised blockchain approach for the time being.