The Third Leg, Close to Home
· 4 min read
The first Counterpart demonstration used Bitcoin because it makes the cost of two copies impossible to ignore. A transaction on a public network and a ledger entry inside an institution are plainly different things. Somebody has to connect them, explain the confidence of that connection, and deal honestly with reversals.
This video starts closer to home: two entities on the same Control Plane. ACME Services raises an invoice. Beta Retail sees it as a proposed payable and accepts it. Both sides settle the same advice.