> a mechanism that allows two completely unrelated & unconnected blockchains to ... | Hacker News

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		thinkmassive on March 25, 2022 \| parent \| context \| favorite \| on: Web3 is centralized and inefficient > a mechanism that allows two completely unrelated & unconnected blockchains to transfer tokens between eachother Atomic swaps already exist. I still have no idea what that has to do with the nonsensical metaphor "a blockchain is a bank"

pharke on March 25, 2022 [–]

The essence of both a bank and a cryptocurrency is the ledger. Everything else is an implementation detail.

thinkmassive on March 26, 2022 | [–]

The essence of banks is dealing in risk. A ledger is one tool they use.

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