anders94

We considered a wide range of platforms before making a decision. At this point, however, Ethereum is really the only viable option particularly from a security and wallet support perspective. That said, we have been developing the technology in such a way that it can be adapted to other blockchains in the future should CENTRE choose to do that. However, while incredibly important, the contract implementation isn't nearly as much work as the legal, operational, risk and audit components necessary to connect the traditional financial system to cryptocurrencies in an open and compliant way. Should CENTRE choose to provide an implementation on another blockchain, much of those other components would simply apply with little modification.

It isn't limited like that.

As you can imagine, Circle maintains fairly sophisticated minting operations able to execute around the clock. All that is necessary for coins to be minted is for Circle to broadcast a properly signed transaction.

Now, of course, Circle can't just mint a limitless supply because we have a minting allowance set by CENTRE. While CENTRE itself can't mint coins, they do operate a minting allowance system with around the clock availability which can grant Circle a additional allowance per a ruleset to effectively manage risk.

This might seem to be getting into the weeds a bit but support for multiple minters (Circle and Coinbase here for example) is a significant differentiator between USDC and other reserve backed stablecoins.

Thanks for the comment - I am still with Circle, and indeed we still use the bitcoin blockchain behind the scenes. We're also working on a smart contract platform called Spark. More to come on that in a bit.

Thanks, much appreciated. So it is essentially a node.js VM with hooks that let you alter calls that already exist inside the big carrier networks.

My humble suggestion would be to get rid of all the marketing-speak on your website and lead with what you just wrote here. It is very frustrating to have to dig through statements about what this or that can mean to you without the basic understanding of what this is in the first place. Fire your marketing guy. ;)

I'm still a little lost on exactly what this is. The only two things I found under the technology link were node.js and SmartOS. Do you spin up SmartOS/node instances and somehow hook SIP to them? Can you give us a technical explanation?