Wednesday, May 5, 2021

Glitch purpose and use case

Hey all, read the white paper and trying to understand how glitch will be used by the masses. As it’s a new blockchain, will it have interop with cosmos to provide cross chain transaction settlement and have the tps and liquidity for large transactions? For example could it settle payments for Tesla if someone wanted to use ADA or doge or One to pay instead of Bitcoin? Being able to reduce the number of transactions for people in countries each time they transact having a taxable event could be beneficial (pay with doge instead of doge to usd to btc or doge to btc). What is glitch solving for and what will the user experience be that attracts billions of dollars to be on yet “another purpose built” chain like Splans for example? I see there is a bsc bridge so will glitch bridge all protocols or have partnerships with banks looking to transact with crypto? It says it can handle whale size trades but why wouldn’t they just continue to use binance, why another exchange and what exactly can/will be exchanged? There are a lot of dapps in defi and between the user experience and why someone would use it over what exists doesn’t seem to be made clear. Can someone with the project elaborate?


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