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Franklin Templeton CEO: Public chains are expected to replace some traditional financial infrastructure and release new value for investors

According to online reports, Jenny Johnson, CEO of Franklin Templeton, said that the public chain is evolving into an ultra-efficient coordination machine that is expected to replace some traditional financial infrastructure while releasing new value for investors. Solana, one of the first blockchains to focus on institutional investors, has demonstrated processing power of nearly 65,000 transactions per second, a figure comparable to the Visa network. Sui is a newer blockchain that processes transactions almost twice the speed of the latter. With upcoming upgrades, the public chain may soon be able to increase its throughput to hundreds of thousands or even millions of transactions per second. Decentralized trading platforms such as Uniswap, which allow peer-to-peer market making without custody, are catching up with centralized opponents of traditional exchanges, processing trillions of dollars in transactions every year. As these systems have increased in speed, their verification and security features have also been significantly improved, not only to withstand hacker attacks, but also to better verify identity and asset ownership. The transformation of digital asset technology will not be slow or gradual. It is expected that in the next five years, our industry will develop faster than in the past five decades.

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