The pilot of Brazil’s central bank currency, or CBDC, known as Drex, was postponed until the end of 2025 because the government estimates that privacy solutions are still inefficient.

The announcement was made by the Central Bank of Brazil, considering the proposals made so far as lacking the necessary maturity, in addition to involving problems with user privacy. By the end of 2025, the pilot will be resumed, which will also feature the “implementation of smart contracts to promote use cases proposed by private parties.”

According to the Brazilian regulator, “a new phase of the pilot, which will begin in July and end in 2025, will allow the implementation of new functionality, including smart contracts, by third parties.”

This seeks to extend the reach of the initiative, and involve private entities in the launch of new CBDC projects that for now are outside the scope of what the central bank originally designed for Drex.

Regarding the Drex CBDC, it is known that its design has been conceived “to be part of a blockchain system supported by Hyperledger Besu, which complicates the compliance of standard transactions with the country’s banking and tax secrecy regulations.”

M.Pino

Source: news.bitcoin

(Reference image source: Jason Briscoe in Unsplash)

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La entrada Brazil delays pilot of its CBDC until 2025 apareció primero en Bitfinance.

This September 26, the first Polkadot hackathon will take place for developers of the ecosystem in Latin America and Spain. It will be in a 100 % online format, with various activities on topics such as NFT, smart contracts, blockchain technology.

The Hackaton LATAM 2022 will be the virtual stage, for six weeks, to promote the use of new decentralized technologies and the digital economy both in Latin America and in Spain. It will have mentorships, workshops, round tables and other activities for the interested public.

According to the organizers, “the Polkadot Hackathon seeks to attract local developers to the network, promote the uses of blockchain in the Latin American region, and establish new ties between the Spanish-speaking community of Polkadot from around the world, since You can also participate from Spain”.

Hackathon Polkadot online for developers

The Polkador hackathon program has several categories. The one related to Web3/Blockchain tools is oriented to all kinds of public infrastructure tracks, UI/UX, interfaces, experiences, development of tools and applications of the Polkadot ecosystem. Then there is the section dedicated to smart contracts, which focuses on “transpiler for smart contracts, which provide interoperability with Wasm, applications written in Ethereum Virtual Machine (EVM) running on Substrate and applications written in Wasm running on Substrate. “.

There is also the DeFi category, for the construction of solutions in this line. And finally, the category of non-fungible tokens, where it will be addressed from the development of collectibles, through games, to NFT applications.

Participants can already register for the event. After the work sessions, they must present their projects based on the DOT ecosystem to be eligible for the prizes, with a general amount of 120,000 dollars.

M.Pino

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Source: bit2me

La entrada Polkadot Hackathon in Latin America and Spain apareció primero en Bitfinance.