The Federal Reserve System of the USA has supported the BFT (Byzantine Fault Tolerance) consensus mechanism, recognizing it as an effective and secure solution for digital payments. This could accelerate the adoption of BFT in financial systems, opening up opportunities for cryptocurrencies such as XRP, XLM, and HBAR. These assets use different forms of BFT, which makes them attractive for integration into international payment networks. The adoption of BFT also presents a challenge for smaller crypto projects to adapt and implement new solutions to increase their competitiveness.
2/24/2025 9:07:33 AM (GMT+1)
The Federal Reserve System has supported the BFT mechanism for digital payments, which opens up new opportunities for cryptocurrencies XRP, XLM, and HBAR in financial systems
44
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Turkish bank BankPozitif is launching a cryptocurrency custody service in partnership with Taurus, having received a license from the Turkish Securities and Exchange Commission for the safe custody of digital assets
President Trump signed an order to create the Strategic Bitcoin Reserve and the National Digital Asset Reserve to strengthen the U.S. position in managing cryptocurrencies
The European Central Bank (ECB) plans to release the digital euro by October 2025, despite doubts from lawmakers due to the recent failure in the Target 2 system
The court dismisses the lawsuit against DOGE by Elon Musk, allowing access to data from the U.S. Department of Treasury despite concerns about leaks of confidential information
Tether froze $27 million USDT on the Russian exchange Garantex, leading to the suspension of all operations and withdrawals in response to international sanctions
The hacker group Dark Storm has claimed responsibility for the large-scale cyberattack that caused disruptions on the social network X (formerly Twitter)
SWIFT announced its support for Hedera for global transactions, paving the way for large-scale adoption and growth of $HBAR in international markets
