On-chain circuit breakers are the most important topic that literally no one is talking about. Why? > You can think of regulation as a set of enforced policies. At this moment in…
Original source excerpt
On-chain circuit breakers are the most important topic that literally no one is talking about. Why? > You can think of regulation as a set of enforced policies. At this moment in time there is no way…
On-chain circuit breakers are the most important topic that literally no one is talking about. Why? > You can think of regulation as a set of enforced policies. At this moment in time there is no way to enforce policies during runtime. > On-chain circuit breakers are policies. Policies grouped together in a standard manner are akin to regulation. > Security is the most pressing issue for Institutions when it comes to deploying capital on-chain. If we cannot enforce on-chain actions that violate clear rules we do not have an on-chain market. Markets with regulation is why the United States has the largest capital markets on Earth. If TradFi is looking to adopt on-chain for settlement then we need enforceable rules that do not sacrifice the permissionless nature of blockchains. If we do not do the above the TradFi will be a settlement layer that has enforceable rules for market operation. On-chain circuit breakers will become the basis for on-chain market regulation. Therefore, they are critical to unlock the potential of on-chain markets.
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