What are the benefits of wholesale CBDCs? Foreign exchange transactions could drop from a two-day process to less than 10 seconds if CBDCs were involved, according to an experiment conducted by the NewYorkFed.
Foreign exchange transactions could drop from a two-day process to less than 10 seconds if central bank digital currencies were involved, according to an experiment conducted by the Federal Reserve Bank of New York., tested the speed of FX transactions using distributed ledgers, finding that in a simulated example, they could lower the speeds of transactions with multiple participants and observers.
This first phase saw each participant run “homogenous” ledgers, but future tests will see participants running different networks to test for cross-chain compatibility.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
CBDCs are a declaration of war against the banking system claims economistKnown for his quantitative easing theory, published almost 30 years ago, Richard Werner is an advocate for a decentralized economy.
Consulte Mais informação »
Ending daylight saving time would reduce roadkillThere is yet another reason to quit the twice-yearly tradition of changing our clocks back and forth an hour. A new study found that sticking to daylight saving time would mean fewer deer being hit by cars.
Consulte Mais informação »
Making daylight saving permanent could drastically reduce deer collisions, study findsWildlife and vehicle collision data from 23 states indicate drivers would hit and kill 37,000 fewer deer if the U.S. stuck to daylight saving time year-round. It would also prevent dozens of human deaths.
Consulte Mais informação »
Retract Royalties, Reduce Revenue: NFT Creators Are Suffering and so Are MarketplacesNFT marketplaces are dropping their royalty requirements and creators are suffering. But so are the platforms themselves, raising questions as to how this trend may impact the market down the line. camlearnscrypto reports:
Consulte Mais informação »