Why is Paxos building a blockchain infrastructure?

Walter Hessert, Paxos' head of strategy, says the company is building the infrastructure to support the trillions of dollars of financial assets that will one day live on the blockchain. (Photo credit: Ben Fox Rubin) So, why should people care if their money is powered by the blockchain?

Who is Paxos?

Paxos is a top-funded blockchain company with more than $500 million in total funding from leading investors like OakHC/FT, Declaration Partners, Mithril Capital and PayPal Ventures. Our clients are leading global enterprises. Paxos builds blockchain solutions to tokenize, custody, trade and settle assets for enterprise partners.

What is the Paxos protocol?

First submitted in 1989, the Paxos protocol is named after a fictional legislative consensus system on the island of Paxos in Greece. According to Paxos’ inventor, Leslie Lamport, the parliament had to function “even though legislators continually wandered in and out of the parliamentary Chamber.”

What is ScyllaDB Paxos?

Definition & FAQs | ScyllaDB Paxos is a family of protocols for solving the problem of consensus in distributed networks. First submitted in 1989, the Paxos protocol is named after a fictional legislative consensus system on the island of Paxos in Greece.