• Latest
  • Trending
  • All
  • News
  • Lifestyle
Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code thumbnail

Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code

February 5, 2022
Crypto Clash: Warren Flags Economic Risk, CZ Defends Industry thumbnail

Crypto Clash: Warren Flags Economic Risk, CZ Defends Industry

July 18, 2025
Democrats push for vote on Epstein files thumbnail

Democrats push for vote on Epstein files

July 16, 2025
Nor'easters slamming New England are growing more powerful thumbnail

Nor’easters slamming New England are growing more powerful

July 16, 2025
10 Disaster Movies That Actually Get Some Science Right thumbnail

10 Disaster Movies That Actually Get Some Science Right

July 14, 2025
Trump threatens 35% tariffs on Canadian goods thumbnail

Trump threatens 35% tariffs on Canadian goods

July 13, 2025
Superman the Immigrant Would Have Saved Texas thumbnail

Superman the Immigrant Would Have Saved Texas

July 12, 2025
Iowa Democrats plot 2028 comeback for caucuses in race for president thumbnail

Iowa Democrats plot 2028 comeback for caucuses in race for president

July 11, 2025
Lionel Messi Makes MLS History with 4th Straight Multi-Goal Game in Inter Miami Win thumbnail

Lionel Messi Makes MLS History with 4th Straight Multi-Goal Game in Inter Miami Win

July 10, 2025
Do tech executives in US Army present conflict of interest? thumbnail

Do tech executives in US Army present conflict of interest?

July 10, 2025
A Vermont dairy farm was raided. The mixed messages from Washington since then have increased fears. thumbnail

A Vermont dairy farm was raided. The mixed messages from Washington since then have increased fears.

July 8, 2025
Former Rams Assistant Gives Inside Look at Houston Texans Offense thumbnail

Former Rams Assistant Gives Inside Look at Houston Texans Offense

July 7, 2025
‘Alligator Alcatraz’ Detention Center Poses Serious Risks to Immigrants Beyond Just Alligators thumbnail

‘Alligator Alcatraz’ Detention Center Poses Serious Risks to Immigrants Beyond Just Alligators

July 7, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate
Saturday, July 19, 2025
66 °f
Wellfleet
58 ° Tue
63 ° Wed
68 ° Thu
61 ° Fri
  • Login
  • Register
FREE Cape Cod News
DONATE
  • FREE Cape Cod News
  • Cape Cod News
  • News
    • News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
No Result
View All Result
Free Cape Cod News
No Result
View All Result
  • FREE Cape Cod News
  • Cape Cod News
  • News
  • Politics
  • Business
  • World
  • Entertainment
  • Lifestyle
  • Photos
  • Videos
Home Business Cryptocurrency News

Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code

FREE Cape Cod News by FREE Cape Cod News
February 5, 2022
in Cryptocurrency News, News
Reading Time: 2 mins read
Donate
0
Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code thumbnail
632
SHARES
1.4k
VIEWS
Share on TwitterShare on Facebook

Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code

The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also published the open-source code for the CBDC project.

Boston Fed and MIT Publish Initial Findings of Their CBDC Research

The Federal Reserve Bank of Boston and the Digital Currency Initiative at the Massachusetts Institute of Technology (MIT) released the initial findings of their central bank digital currency (CBDC) research on Thursday.

This research is separate from the digital dollar research conducted by the Federal Reserve Board. The Federal Reserve also recently published its long-awaited CBDC report.

The collaboration between the Boston Fed and MIT, known as Project Hamilton, “focuses on technological experimentation and does not aim to create a usable CBDC for the United States,” they explained. The initiative was announced in 2020.

Boston Fed Executive Vice President and Interim Chief Operating Officer Jim Cunha said, “It is critical to understand how emerging technologies could support a CBDC and what challenges remain,” adding:

This collaboration between MIT and our technologists has created a scalable CBDC research model that allows us to learn more about these technologies and the choices that should be considered when designing a CBDC.

“The work produced one code base capable of handling 1.7 million transactions per second,” the project whitepaper details.

The researchers also released the code for Project Hamilton, OpenCBDC. The open-source code is available in github for contributions.

Neha Narula, director of MIT’s Digital Currency Initiative, commented: “There are still many remaining challenges in determining whether or how to adopt a central bank payment system for the United States.”

According to the announcement:

In the coming years, the second phase of this partnership will allow Project Hamilton to explore alternative technical designs to improve the already robust privacy, resiliency, and functionality of the technology outlined in the first phase.

What do you think of the Boston Fed and MIT releasing their initial research and open-source code on central bank digital currency? Let us know in the comments section below.

Read More

Tags: bankingBostoncryptocryptocurrencydigital cryptocurrencymassachusetts

FREE Digital Newspaper Subscription!
Sign up for your free digital subscription. The FREE Cape Cod News

Unsubscribe
FREE Cape Cod News

FREE Cape Cod News

Free Cape Cod News is what's happening in the Cape Cod, U.S and World & what people are talking about right now. Local newspaper. Stay in the know. Subscribe to get notified about our latest news.

Related Posts

Crypto Clash: Warren Flags Economic Risk, CZ Defends Industry thumbnail
Business

Crypto Clash: Warren Flags Economic Risk, CZ Defends Industry

by FREE Cape Cod News
July 18, 2025
Democrats push for vote on Epstein files thumbnail
News

Democrats push for vote on Epstein files

by FREE Cape Cod News
July 16, 2025
Nor'easters slamming New England are growing more powerful thumbnail
News

Nor’easters slamming New England are growing more powerful

by FREE Cape Cod News
July 16, 2025
Trump threatens 35% tariffs on Canadian goods thumbnail
News

Trump threatens 35% tariffs on Canadian goods

by FREE Cape Cod News
July 13, 2025
Load More
Please login to join discussion

Follow Us on Twitter

FREE Cape Cod News - Your source for local Cape Cod news, latest breaking U.S. and World news. Every day, all day. Subscribe for your favorite categories.

  • Trending
  • Comments
  • Latest
Drinking and Boating in Massachusetts. Free Cape Cod News.

Drinking and Boating in Massachusetts

July 23, 2023
People on the beach, Cape Cod, Massachusetts

Exploring the Nuances: Debunking Cape Cod’s Overrated Reputation

May 29, 2023
Biden: Americans with long-COVID symptoms may qualify for disability resources thumbnail

Biden: Americans with long-COVID symptoms may qualify for disability resources

July 27, 2021
Crypto Clash: Warren Flags Economic Risk, CZ Defends Industry thumbnail

Crypto Clash: Warren Flags Economic Risk, CZ Defends Industry

0
Nor'easters slamming New England are growing more powerful thumbnail

Nor’easters slamming New England are growing more powerful

0
Democrats push for vote on Epstein files thumbnail

Democrats push for vote on Epstein files

0
Crypto Clash: Warren Flags Economic Risk, CZ Defends Industry thumbnail

Crypto Clash: Warren Flags Economic Risk, CZ Defends Industry

July 18, 2025
Democrats push for vote on Epstein files thumbnail

Democrats push for vote on Epstein files

July 16, 2025
Nor'easters slamming New England are growing more powerful thumbnail

Nor’easters slamming New England are growing more powerful

July 16, 2025

FREE Cape Cod News On Twitter

Today’s News

  • Crypto Clash: Warren Flags Economic Risk, CZ Defends Industry July 18, 2025
  • Democrats push for vote on Epstein files July 16, 2025
  • Nor’easters slamming New England are growing more powerful July 16, 2025
  • 10 Disaster Movies That Actually Get Some Science Right July 14, 2025
  • Trump threatens 35% tariffs on Canadian goods July 13, 2025
FREE Cape Cod News

Copyright © 2024 Free Cape Cod News

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • FREE Cape Cod News
  • Cape Cod News
  • News
    • News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
  • Login
  • Sign Up

Copyright © 2024 Free Cape Cod News