Canton

Transferring Tokens with Canton Daml: State and Authorization Compared with Solidity

Transferring Tokens with Canton Daml: State and Authorization Compared with Solidity

When Alice sends all 100 token units to Bob, Bob becomes the person who can spend them next. The Solidity example updates balances by address; the Daml example for Canton consumes Alice’s holding contract and creates Bob’s. They express the same transfer outcome with different units of state and different authorization checks.

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Understanding Canton Network: Financial Privacy, Atomic Settlement, and Institutional Adoption

Understanding Canton Network: Financial Privacy, Atomic Settlement, and Institutional Adoption

Buying a security changes records in several places. A trading venue records the execution, a custodian records the securities position, and a bank maintains the cash ledger. Each institution has its own account of the transaction. Reconciliation checks that amounts, rights, and processing states agree. A single public database might appear to simplify the problem, but institutions cannot publish their customers’ balances and trading strategies to everyone operating the infrastructure.

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