Norway bets on the use of ethereum

The Central Bank of Norway published an open code intended to test for the issuance of its own token

The Norwegian Central Bank recently published an open source code for the ethereum network sandbox, and the implementation of a local digital currency.

The sandbox available on GitHub will enable features such as minting, burning, and transferring ERC-20 tokens, as stated by Norges Bank’s official CBDC partner, Nahmii.

Nahmii stressed that the current version of the code is not compatible with the main ethereum wallet, MetaMask, by design, and is only accessible privately by users with the proper credentials.

The central bank had already made reference to ethereum in a CBDC-related blog post in May. Norges Bank stated that the ethereum cryptocurrency system is expected to provide a “core infrastructure” for the issuance, distribution and destruction of central bank digital money, which is also called DSP. “The prototype will be used to test a number of important features for DSP.”

K. Tovar

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Source: Cointelegraph

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