Clarity and to-be-defined content of the central bank's digital currency issuance

This article focuses on the hot topic in the domestic blockchain field-the central bank digital currency. The author combed the speeches and discussions of relevant officials of the central bank in the past, combined with the speech of Mu Changchun, deputy director of the Payment and Settlement Department of the People's Bank of China in August 2019. Summarized the basic framework that the People's Bank of China has established in the research and development of the central bank's digital currency: a two-tier operating system; a centralized management model; the focus is on M0 instead of M1 / ​​M2 replacement; 100% reserve system is adopted; pure blocks are not used Chain architecture. At the same time, it is pointed out that the central bank's digital currency needs to be further clarified on some details.

Here is the original:

We will continue to update Blocking; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Is the BRC-20 that cuts through the night sky a nova or a meteor?

This research report discusses the origin of the Ordinals protocol, the opportunities and current data of BRC-20 toke...


Exploring the New Trends of the Three Pillars of DeFi: DEX, Lending, and Stablecoins

Today we will talk about the new trends in the three main components of DeFi: DEX, lending, and stablecoins.


Bitcoin price forecast: BTC will reach 700,000 US dollars?

Recently, a large "bitcoin whale" was discovered in the cryptocurrency market. According to reports, Bitcoi...


What would happen to Bitcoin if the black swan of US debt occurs?

If the US Treasury bonds really default, it will have a very serious impact on the global economy, but for emerging ...


Binance Research's lengthy article: Bitcoin BRC-20 principles, current status, and future

BRC-20 tokens are the latest innovation from Ordinals Protocol and have taken over Crypto Twitter timelines in the ...


Will the next bull market bring about cryptographic projects that surpass Bitcoin and Ethereum?

One of the main differences between Ethereum and Bitcoin is the existence of smart contracts. However, what goes beyo...