Many people discuss public chains by comparing TPS, ecological applications, and the popularity of DeFi, but they overlook a deeper question: who will define the future financial infrastructure? If the answer is alliance chains like JPM Coin, Fnality, and Corda, it means the system will continue down the old path of "closed membership," where efficiency is controllable but completely severs liquidity from the open market. @RaylsLabs offers a completely different answer. It does not get entangled in the dimension of "public chain vs. public chain," but directly challenges the narrative logic of alliance chains. Its hybrid architecture allows banks to achieve security and privacy in private ledgers while seamlessly accessing global open market liquidity through Ethereum L2 native bridging when needed. In terms of privacy, @RaylsLabs also breaks out of the "enclosure protection" mindset. Traditional alliance chains rely on network isolation, which is equivalent to "not letting others...
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