Block Insider
  • News
  • Market Analysis
  • InsightsSoon
  • EnglishEnglish
    • PortuguêsPortuguês
  • Login
No Result
View All Result
Saturday, June 25, 2022
ADVERTISE
SUBSCRIBE
  • News
  • Market Analysis
  • InsightsSoon
No Result
View All Result
Block Insider
No Result
View All Result
Home News

Tezos and NEM used in the Digital Euro Experiment by the ECB

Block Insider Staff by Block Insider Staff
July 29, 2021
Reading Time:1 min read
Tezos and NEM used in the Digital Euro Experiment by the ECB
TelegramTwitterRedditWhatsapp

The European Central Bank (ECB) has recently published a report covering the Digital Euro experiment that was launched in September 2020 by the Eurosystem’s High-Level Task Force on Central Bank Digital Currency.

RELATED POSTS

Crypto Market Surges Following Joe Biden’s Signing of Executive Order on Cryptocurrency

Cryptocurrency Market Bounces Back to Green Following Russian Invasion in Ukraine

Colorado Decides to Accept Cryptocurrency for Tax and Government Payments

This experiment used a tiered model, and it was the Tier 2 the one which was made of multiple coexisting and interoperable systems, exploring three different types.

A fork of both Tezos and NEM where used in order to enable the implementation of a value-based Tier 2 system, as specified.

The Tezos fork was private, and the NEM fork was customized. It may indicate that in they have used these forks as testnets.

Additionally, other two distributed ledgers were used to enable the implementation of both an account-based and value-based Tier 2 system. In this case, Hyperledger Besu and Hyperledger Fabric were the chosen ones.

The report concluded that the results of the experiment do not pre-empt any decision or commit the Eurosystem to providing a digital euro. The main goal was to provide input on design questions, thereby supporting policy discussions and design decisions on a possible digital euro.

Advertise
ADVERTISEMENT
ShareTweetShareSend
Block Insider Staff

Block Insider Staff

Block Insider is a crypto & blockchain publication with daily news, in-depth articles and market analysis.

Related Posts

Crypto Market Surges Following Joe Biden’s Signing of Executive Order on Cryptocurrency
News

Crypto Market Surges Following Joe Biden’s Signing of Executive Order on Cryptocurrency

March 10, 2022
Cryptocurrency Market Bounces Back to Green Following Russian Invasion in Ukraine
News

Cryptocurrency Market Bounces Back to Green Following Russian Invasion in Ukraine

March 2, 2022
ByTask Force Pushes Biden Administration to Tighten Cryptocurrency Regulation
News

Colorado Decides to Accept Cryptocurrency for Tax and Government Payments

February 24, 2022
News

Buffett’s Company Invests in Crypto-Focused Bank while MasterCard will Offer Crypto & NFT Services

February 18, 2022
News

New Crypto Coalition Stepped in Amidst a Dramatic Tuesday Comeback of Crypto Pricings

February 11, 2022
Facebook Decides to Retreat from Its Banishment on Cryptocurrency Advertisements
News

Facebook’s Dream of Its Global Cryptocurrency Comes to an Official End

February 3, 2022
Next Post
Ripple, Bitcoin Cash, Price Analysis – 29 July

Ripple, Bitcoin Cash, Price Analysis – 29 July

The Graph, Algorand Price Analysis – 29 July

The Graph, Algorand Price Analysis – 29 July

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Facebook Decides to Retreat from Its Banishment on Cryptocurrency Advertisements

Facebook Decides to Retreat from Its Banishment on Cryptocurrency Advertisements

December 10, 2021
Irish Crypto Firms Must Comply With 5AMLD For First Time

Irish Crypto Firms Must Comply With 5AMLD For First Time

April 27, 2021
ByTask Force Pushes Biden Administration to Tighten Cryptocurrency Regulation

Major US Firms Continue Move into Crypto Space

June 18, 2021

Popular Stories

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
Block Insider

A financial portal covering Blockchain News, Crypto Insights and Market Analysis.

Recent Posts

  • Crypto Market Surges Following Joe Biden’s Signing of Executive Order on Cryptocurrency
  • Cryptocurrency Market Bounces Back to Green Following Russian Invasion in Ukraine
  • Colorado Decides to Accept Cryptocurrency for Tax and Government Payments

Categories

  • Market Analysis
  • News
  • Press Release

© 2022 Block Insider

No Result
View All Result
  • News
  • Market Analysis
  • EnglishEnglish
  • PortuguêsPortuguês

© 2022 Block Insider

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?