A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several euro area countries and the ECB participated in the test, which also professed to show the digital currency’s carbon footprint would be smaller than that of card payments. 300,000 Payments a Second Processed During Digital Euro Trial An experiment carried out as part of the recently launched ‘Investigation Phase’ of the digital euro project has established that a blockchain-based solution for the electronic version of Europe’s common currency could in theory support an “almost unlimited” number of simultaneous payments. The test also indicated that the technology would strike a “good balance” between maintaining privacy and meeting anti-money laundering requirements. In an announcement published on its website, the central bank of Estonia praised the test results.
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