Norwegian central bank uses Ethereum to build national digital currency.

The central bank of Norway has hit a major milestone in digital currency efforts, releasing the open-source code for the country’s central bank digital currency (CBDC) sandbox.

Available on GitHub, the sandbox is designed to offer an interface for interacting with the test network, enabling functions like minting, burning and transferring ERC-20 tokens, the Norges Bank’s official CBDC partner Nahmii said in a blog post.

Nahmii stressed that the current version of the code does not support the major Ethereum wallet MetaMask by design and is only privately accessible by users with appropriate credentials.

In addition to deploying the appropriate smart contracts and access controls, the Norges Bank sandbox includes a custom frontend and network monitoring tools like BlockScout and Grafana. The front end also shows a filterable summary of transactions on the network, Nahmii noted.

The Norges Bank took to Twitter to mention that Norway’s CBDC prototype infrastructure is based on Ethereum technology.

Source: https://cointelegraph.com


No comments:

Post a Comment




Popular Posts

Blog Archive

Recent Posts