cointelegraph.com Open in urlscan Pro
2606:4700::6813:d368  Public Scan

Form analysis
3 forms found in the DOM

<form class="article-subscription-widget-form">
  <div class="article-subscription-widget-form__delivery"> Delivered every Monday </div>
  <div class="article-subscription-widget-form__title">Subscribe to<br> the Markets Outlook newsletter</div>
  <div class="article-subscription-widget-form__input-wrap"><input id="input" type="text" class="article-subscription-widget-form__input"><label for="input" class="article-subscription-widget-form__input-label">Email Address</label><!----></div>
  <div class="article-subscription-widget-form__btn-wrap"><button type="submit" class="article-subscription-widget-form__btn"> Subscribe </button></div>
  <div class="article-subscription-widget-form__tos">By subscribing, you agree to our <a target="_blank" href="/terms-and-privacy">Terms of Services and Privacy Policy</a></div>
</form>

<form data-v-341b646a="" novalidate="novalidate" class="footer-subscription-form">
  <div data-v-341b646a="" class="footer-subscription-form__wrp"><label data-v-341b646a="" for="footer-subscription-form-input" class="visually-hidden"> Email Address </label><input data-v-341b646a="" id="footer-subscription-form-input" type="email"
      placeholder="Email" class="input footer-subscription-form__input"><button data-v-341b646a="" type="submit" class="btn footer-subscription-form__btn"> Subscribe </button></div><!---->
</form>

<form autocomplete="off" class="container header-mobile-search-form" data-v-68fd603f=""><button type="submit" class="btn header-mobile-search-form__btn" data-v-68fd603f=""><span class="btn__wrp" data-v-68fd603f=""><span
        class="btn header-mobile-search-form__magnifier-icon" data-v-68fd603f=""></span></span></button><label class="header-mobile-search-form__label" data-v-68fd603f=""><input placeholder="Search" type="text" name="query" autocomplete="off"
      autofocus="autofocus" value="" class="input header-mobile-search-form__input" data-v-68fd603f=""></label><button class="btn header-mobile-search-form__btn" data-v-68fd603f=""><span class="btn__wrp" data-v-68fd603f=""><span
        class="btn header-mobile-search-form__cross-icon" data-v-68fd603f=""></span></span></button></form>

Text Content

Unsere Website auf Deutsch

Möchten Sie die deutsche Version des Cointelegraph besuchen?

Nein Ja
X
 * BTC $22,275 +3.02%
 * ETH $1,741 -1.86%
 * BNB $298 +0.57%
 * SOL $37 +8.10%
 * XRP $0.35 -0.25%
 * DOGE $0.06 +0.98%

 * English
   
   Unsere Website auf Deutsch
   
   Möchten Sie die deutsche Version des Cointelegraph besuchen?
   
   Nein Ja
 * Advertise
 * Careers

 * News
    * Bitcoin
    * Ethereum
    * Altcoins
   
    * Blockchain
    * Business
    * Policy & Regulations
   
    * NFTs
    * DeFi
    * Adoption

 * Markets
    * Market News
    * Price Indexes
    * Market Analysis
   
    * Heatmap
    * Top 10 Cryptocurrencies

 * Magazine
 * People
    * Top 100 2022
    * Top 100 2021
    * Top 100 2020
   
    * Opinion
    * Expert Take
    * Interview
   
    * Innovation Circle
    * Communications

 * Cryptopedia
    * Explained
    * How to Crypto
    * Bitcoin101
   
    * Ethereum101
    * Dogecoin101
    * Altcoin101
   
    * DeFi101
    * Trading101
    * NFT101
   
    * Blockchain101
    * Metaverse101
    * DAOs 101
   
    * Funding101
    * Regulation101
    * Fight the FUD

 * Research
 * Video
 * Markets Pro
 * Store
 * Events



Helen Partz
3 hours ago


NORWEGIAN CENTRAL BANK USES ETHEREUM TO BUILD NATIONAL DIGITAL CURRENCY

The prototype infrastructure for Norway’s central bank digital currency is based
on Ethereum, the Norges Bank officially stated.

3177 Total views
144 Total shares
Listen to article
2:38

News
 * 
 * 
 * 
 * 
 * 
 * 
 * 
 * 

The central bank of Norway has hit a major milestone in digital currency
efforts, releasing the open source code for the country’s central bank digital
currency (CBDC) sandbox.

Available on GitHub, the sandbox is designed to offer an interface for
interacting with the test network, enabling functions like minting, burning and
transferring ERC-20 tokens, the Norges Bank’s official CBDC partner Nahmii said
in a blog post.

Nahmii stressed that the current version of the code does not support the major
Ethereum wallet MetaMask by design and is only privately accessible by users
with appropriate credentials.

In addition to deploying the appropriate smart contracts and access controls,
the Norges Bank sandbox includes a custom frontend and network monitoring tools
like BlockScout and Grafana. The front end also shows a filterable summary of
transactions on the network, Nahmii noted.

The Norges Bank took to Twitter on Friday to mention that Norway’s CBDC
prototype infrastructure is based on Ethereum technology.

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

As previously reported, the Norges Bank officially announced plans to conduct
CBDC tests in April last year, expecting to find a preferred CBDC solution by
trialing different designs for a period of two years.

In November 2021, the central bank issued a working paper referring to possible
CBDC designs, including those based on blockchains like Ethereum, Bitcoin and
Bitcoin SV. The Norges Bank emphasized that interoperability was one of the most
important problems while considering various technical solutions.

Related: Reserve Bank of India preparing to trial a CBDC with public sector
banks and fintechs

The news came amid the International Monetary Fund releasing a report indicating
that 97 countries, or more than half of global central banks, were exploring or
developing CBDCs as of July 2022. On the other hand, only two countries have
fully launched CBDC projects so far, including Nigeria and The Bahamas, the IMF
said.

Global CBDC development in 2022. Source: IMF

In September, the IMF said that it had been working on a project related to an
interoperable CBDC platform connecting multiple global CBDCs and enabling
cross-border transactions.

Delivered every Monday
Subscribe to
the Markets Outlook newsletter
Email Address
Subscribe
By subscribing, you agree to our Terms of Services and Privacy Policy





Editor’s Choice
 * The Fed, the Merge and $22K BTC — 5 things to know in Bitcoin this week
 * Indian authorities unfreeze millions in locked WazirX bank accounts
 * Fireblocks records $100M+ revenue in subscriptions amid bear market
 * Exchanges criticized for 'nothingburger PR' posts on upcoming LUNC tax burn
 * Aussies already lost $242M to investment and crypto scams in 2022

Cointelegraph YouTube Subscribe

Advertise with us
Robust liquidity on HitBTC

Note that all trading strategies are to be used at your own risk. Before
trading, we recommend to make sure that you have a clear understanding of
cryptocurrencies and how they are traded.

fast exchange on Changelly

This is to note that you should realize all crypto trading risks. Please make
sure that you understand how crypto exchange service works.

EARN APY ON TRADES WITH XGO

Note that all trading strategies are to be used at your own risk. Before
trading, we recommend to make sure that you have a clear understanding of
cryptocurrencies and how they are traded.


News
 * Bitcoin
 * Blockchain
 * Ethereum
 * Altcoins
 * Business
 * Policy & Regulations
 * NFTs
 * DeFi
 * Adoption

Features
 * Top 100 2022
 * Magazine
 * Hodler’s Digest
 * Analysis
 * Opinion
 * Expert Take
 * Top 10 Cryptocurrencies
 * Market Analysis
 * Interview
 * Innovation Circle
 * Use Case

Market Tools
 * Market News
 * Markets Pro
 * Bitcoin Price Index
 * Ethereum Price Index
 * Bitcoin Cash Price Index
 * Litecoin Price Index
 * Ripple Price Index
 * Monero Price Index
 * Heatmap Partner

Cryptopedia
 * Explained
 * How to Crypto
 * Bitcoin101
 * Ethereum101
 * Dogecoin101
 * Altcoin101
 * DeFi101
 * Trading101
 * NFT101
 * Blockchain101
 * Metaverse101
 * DAOs 101
 * Funding101
 * Regulation101
 * Fight the FUD

Industry
 * Research
 * DApplist
 * Crypto Jobs
 * Store
 * Press Releases
 * Events
 * Communications
 * Changelly Partner
 * TradeSanta Partner
 * Scalable Partner

About us
 * Franchise
 * Advertise
 * About
 * Widgets
 * Careers

Are you a journalist or an editor? Join us


FOLLOW US

 * 
 * 
 * 
 * 
 * 
 * 


COINTELEGRAPH NEWSLETTER

Email Address Subscribe


FOLLOW US

 * 
 * 
 * 
 * 
 * 
 * 

Terms of services and Privacy policy
© Cointelegraph 2013 - 2022
Cointelegraph covers fintech, blockchain and Bitcoin bringing you the latest
news and analyses on the future of money.

×

Cointelegraph.com uses Cookies to ensure the best experience for you.

Accept