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Mobius Network has raised $39 million in its token sale, opting to use the Stellar network instead of the more popular ethereum.
Participants in the round included China's Angel Chain Capital, Nirvana Capital and WaltonChain, an internet of things (IoT) startup that is building devices to enable manufacturers and retailers to track supply chains, according to the firm's website.
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Trade-offs
Gobaud highlighted the problems with safely deploying smart contracts on ethereum. "They are Turing complete programs, but they are really hard to write,"
Stellar it's not Turing complete, for example, but Mobius is happy to make that trade-off in exchange for vastly faster and cheaper transactions.
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IDEAS CURATED BY
CURATOR'S NOTE
This is from back in 2017, I wonder if anyone would make the same trade offs today...
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