Sublime

Send USDC from a wallet with your ENS address to the entity’s ENS address, and receive digital assets back into your wallet. These digital assets are mirror assets logged in an on-chain cap table we call the mirrortable. The primary cap table is maintained in an off-chain system like Carta for compliance purposes. And the entity periodically update... See more

Like a spreadsheet in the cloud: The ledger could also be described as a spreadsheet in the cloud. Think of cloud applications like “Google Sheets,” where everyone can access and edit a file simultaneously. But, as opposed to Google Sheets, where that file is centrally stored on the Google servers, the ledger of a blockchain network is a document t... See more

In a traditional rollup, users send their transactions to a dedicated sequencer — essentially a single machine operated by the rollup team. This sequencer is responsible for collecting user transactions, determining their sequence, and packaging them into blocks that are posted on Ethereum.

Blockchain is an immutable, digital ledger that facilitates the process of recording transactions and tracking assets in a network; it is updated and shared across many computers in a network. 

Or in other words, a blockchain."

millions and millions of people own U.S. dollars, which means precisely that some bank has a list and there is an entry for them on that list. It’s probably not in Excel, but same basic idea: The bank has a list of dollars in its accounts, the list is not kept via any sort of consensus mechanism or blockchain or whatever; the bank just keeps the li... See more

Paper ledgers are a problem for two reasons: