DLT handles major transaction volume in digital euro experiment
Test processed 300,000 payments simultaneously; carbon footprint smaller than current card payments
Blockchain technology proved able to process hundreds of thousands of instant transactions in a digital euro experiment carried out by eurozone national central banks.
The exercise was part of the preliminary work leading up to the formal launch of the digital euro project the European Central Bank unveiled on July 14. The ECB stressed that if it were to issue a digital euro in the future, this would never replace cash.
This experiment focused on studying whether distributed ledger technology
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