$VELO I want to do a quick dive into the Decentralized Cross-border Messaging System (DCMS), its role in BRICS pay/bridge, and the implications for #Velo and its ecosystem. So let's start by addressing what DCMS is and what it isn't. DCMS IS: DCMS functions as a decentralized messaging network for payments, allowing participants (such as banks and institutions) to run their own nodes without a central authority. This design promotes transparency, resistance to external interference (e.g., sanctions), and scalability, with claims of handling up to 20,000 messages per second on minimal hardware. Simply put, it is a messaging system designed to facilitate communication for cross-border payments within the BRICS Pay framework. It handles the exchange of payment instructions and data between participating institutions, like banks, in a decentralized way. Think of it like an email system for financial instructions: it ensures messages about payments (who is paying whom, how much, in...
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