prototype – DIGIT INFO

Bank of England opens applications for ‘proof of concept’ CBDC wallet

DIGIT — Mon, 12 Dec 2022 05:34:40 +0000

The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000.

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Microsoft Working to Bridge Its Services With the Metaverse

DIGIT — Wed, 26 Oct 2022 09:30:44 +0000

Microsoft, the software and computing behemoth, is seeking to adapt part of its software service stack to the metaverse. Ihsan Anabtawi, CMO of Microsoft UAE, declared that the company was working to make its cloud division compatible with metaverse experiences, and to allow companies to use the data obtained as resources for their specific applications. […]

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Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology

DIGIT — Wed, 14 Sep 2022 05:30:08 +0000

A crypto company working with the central bank of Norway has published the source code for the sandbox created to trial the digital version of the Nordic nation’s fiat currency. The prototype digital krone is being built on the Ethereum network and the regulator wants to test various technologies and evaluate the potential impact on […]

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Eurosystem Seeks Providers of Prototype Payment Solutions for Digital Euro

DIGIT — Sun, 01 May 2022 12:30:54 +0000

Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator. Eurosystem to Select Front-End Providers for Digital Euro Project Within the ongoing investigation into […]

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Bank of Russia Sees No Place for Crypto in Financial Market, Finalizes Digital Ruble Prototype

DIGIT — Wed, 22 Dec 2021 13:00:07 +0000

In advance of presenting its comprehensive view on crypto regulations, the Central Bank of Russia has indicated that it sees no place for cryptocurrencies in the country’s financial market. The monetary authority also announced that the prototype of the platform for its own digital currency is already completed. Bank of Russia to Issue Report on […]

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Lightning Network Co-Creator Is Designing a Scaling Solution Called Utreexo

DIGIT — Sun, 20 Jan 2019 00:01:35 +0000

A blockchain researcher has been working on a scaling effort for the unspent transaction output set found in the Bitcoin protocol. According to Tadge Dryja’s recently published description of research, the software engineer is working on a dynamic accumulator called Utreexo. The project could theoretically allow network participants to verify the state of the chain’s […]

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