22 May '13, 12am

Did Open Transactions Just Become a Legitimate Challenger to Ripple? #bitcoin #ripple

Last week, OpenCoin Inc. chief cryptographer David Schwartz was interviewed on the "Let's Talk Bitcoin" show. If you listen from 17:44, you'll hear his opinion on Open Transactions: "In Open Transactions, nodes have to actively perform transactions, so you can't as easily have a public state of the network. So because the state of the [Ripple] network is public, if I want to make a payment to you, I can look at the exchange offers, I can look at the available liquidity in the network, and I can very easily find the cheapest path to make a payment to you. In Open Transactions, I would have to go around to different servers and get quotes, and then the transactions can't really be atomic, they're working on it but they're not quite there yet, so if part of the transaction succeeds, and the second half fails, I can wind up with something that I was going to trade to pay you, ...

Full article: http://www.thebitcointrader.com/2013/05/did-open-transact...

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