Li Lihui: At this stage, legal digital currencies may adopt a "horse racing" mechanism that does not rely on a single blockchain technology

Li Lihui, former president of the Bank of China, said at the "Digital Currency Future" seminar on the 13th that if China launches legal digital currency at this stage, because the blockchain technology has not been able to meet the high concurrent demand of the retail level in the super market, the technology should be maintained Neutral, does not rely on a single blockchain technology, but it is more likely to adopt a "horse racing" mechanism. Some designated institutions will conduct research and development of different digital technologies in parallel to observe the needs of the market in the future and which technology route can go better. , Then come back to determine (which technology to use).