> Tempo is a neutral, permissionless blockchain open for anyone to build on.
> A diverse group of independent entities, including some of Tempo’s design partners, will run validator nodes initially before we transition to a permissionless model.
> Protect your users by keeping important transaction details private while maintaining compliance standards.
Sounds like it actually has potential. This could enable global QR-code payments using and open, decentralized, and private system. Something like fiat cash payments, but digital. I hope that Valve is keeping track of it, for starters.
In what currency? As I understand it, Stablecoins are bound to an underlying currency. If you do not wan't to tie it to a currency, bitcoin would be the prime candidate. And with its layer 2 solutions such as Lightning, there is already a decentralized system for fast, cheap and private payments.
If this Tempo blockchain truly delivers, it'll not be that difficult for anyone to create a decentralized exchange using smart contracts and AMMs. And you can create a Wrapped BTC to use as well. Also gold-backed stablecoins.
Lightning is not a solution. Having to run a node that's online 24/7 is unreasonable, and so is having to convince others to allocate inbound liquidity to you. Any wallet which does not require this is heavily centralized and often custodial.
> Lightning is not a solution. Having to run a node that's online 24/7 is unreasonable
I agree, but with trampoline payments approaching standardization (it is in use by electrum and ACINQ/Phoenix wallet already) and async payments, the 24/7 issue should be gone.
I DO agree that stablecoins are different and probably have a different setup - they are still centralized and require trust (that the underlying asset is held accordingly), while Bitcoin/L2-Lightning are completely decentralized.
> A diverse group of independent entities, including some of Tempo’s design partners, will run validator nodes initially before we transition to a permissionless model.
> Protect your users by keeping important transaction details private while maintaining compliance standards.
Sounds like it actually has potential. This could enable global QR-code payments using and open, decentralized, and private system. Something like fiat cash payments, but digital. I hope that Valve is keeping track of it, for starters.