How do you know they didn't just license it from CNX? This would not be considered a competitor to BitShares.. so I would think they would be fine with licensing it... didn't Bytemaster JUST recently say something about a big bank looking at Bitshares?
I'd be surprised if this was the case because Randall claims that they have internally tested SETL to 5,000 TPS.
According to bytemaster, we have heard of at least a couple different 2.0 TPS tests, one well below 5,000 TPS, due to speed issues concerning the creation of the transactions, IIRC. As well as the 180,000 TPS test, which is where the "conservative" 100,000 TPS claim is supposedly based.
It sounds to me that this is more of an Ethereum-like projection of possible capability.
My first thought was something like Hyperledger (which has used the 5,000 TPS claim in the past) - but the articles keep referring to a "blockchain", so...probably not.
Additionally, how would this *NOT* be considered a competitor to Bitshares?