Bank of England Seeks Designs for Proof-of-Work CBDC Wallet
The Bank of England (BoE) is considering experimenting with its central bank digital currency (CBDC), with a priority on keeping the national digital currency safe for holders. The central bank is now looking for industry players to submit design ideas of a ‘proof-of-work’ digital wallet, that would safeguard CBDC holdings. The wallet is required to … Read more