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Generally "public permissioned" means anyone can see what's happening on the network but only authorized participants can do certain things.The project is a sign of a renewed interest in blockchain technology among institutions, as prices for various cryptocurrencies reach all-time highs.

It also echoes the private enterprise blockchains that were in vogue nearlya decade ago.

leverage ai to identify the most profitable market segments for targeted sales ✌️【365vc.net】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.Those systems were disconnected from public chains like Ethereum and Bitcoin, though they sometimes borrowed code from them.According to the Bloombergreport, the bank is creating the layer-2 network in order to address regulatory compliance issues that come with public blockchains in finance.

(Regulated institutions have to know who they are dealing with, which is hard in completely open networks like the main Ethereum chain).

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