GCUL differs from a typical public blockchain primarily in that it is a private, permissioned network with controlled access, rather than being open to everyone. The participants in GCUL are verified financial organizations with a mandatory KYC (know your customer) process, which allows it to meet strict regulatory requirements. Unlike public blockchains like Bitcoin or Ethereum, GCUL has stable and transparent transaction fees, which is important for financial institutions for cost planning.
Another key difference is GCUL’s positioning as a neutral infrastructure within Google Cloud, which does not compete with banks or payment operators but provides a universal layer accessible to various market players. While public blockchains are decentralized and open to everyone, GCUL is aimed at the corporate segment with high performance (up to 10,000 transactions per second), security, support for Python-based smart contracts, and integration via a single API.
Thus, GCUL offers a more controlled, scalable, and regulated environment for financial institutions compared to public blockchains, making it suitable for the specific needs of businesses and the capital market requirements.