Norwegian Central Bank uses Ethereum to build National Digital Currency
Published in
Oct 9, 2022
The prototype infrastructure for Norway`s Central Bank digital currency is based on Ethereum, Norges Bank officially stated .
With the publication of the open source code for the nation’s central bank digital currency (CBDC) sandbox, Norway’s central bank has achieved a significant milestone in its attempts to promote digital currencies, as reported by Cointelegraph.
The Norges Bank sandbox contains a unique frontend, relevant smart contracts, and access controls, as well as network monitoring tools.
The Ethereum cryptocurrency system is anticipated to offer a “fundamental infrastructure” for the creation, transfer, and destruction of digital central bank money, or DSP.
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