Following a myriad of nations jumping in and four years of research, Norway has announced it is now ready to test its own central bank digital currency (CBDC). The country is looking into private and public blockchains including Bitcoin SV. What exactly will be BSV role in the creation of Norway’s CBDC?
Deemed as the world’s cashless nation for having probably the lowest share of cash payments in the world, Norway is set to begin testing technical solutions for CBDC over the next two years.
In the report released by Norges Bank recently, it mentions that actors have argued for solutions partially or completely based on distributed ledger technology. The bank reports some have argued digital signal processor (DSP) added as one program (smart contracts) on an open blockchain such as Ethereum or Bitcoin SV, or private blockchains. The report mentions views on how to establish consensus mechanisms and an interoperability among technical solutions.
Norges Bank’s research aims to test technical solutions to further analyze the purpose and consequences of introducing CBDC. There is no timeline revealed for when a CBDC is set to launch in the country.
Early this week, Grammy-award winning artist Eminem joins in the celebrity NFT market.
Marshal Mathers, better known as Eminem, dropped his first set of NFTs through Nifty Gateway Sunday.
Eminem released his collection at the Shady Con—a digital festival “modeled after the traditional ‘Con’ gatherings where fans come together and trade their wares.” He raised $1.78 million.
The release featured his originally produced beats, digital action figures, and a one-of-a-kind video clip called “STANS’ REVENGE” fetched $100,000. This included a rare pair of Eminem x Carhartt Air Jordan sneakers with other physical items.
The rap legend is an avid collector of vintage toys, comic books and trading cards.
CoinGeek’s newest show, “Hashing It Out with Becky Liggero,” made its premiere this week, with Ayre Group and CoinGeek founder Calvin Ayre joining Bitcoin Becky to talk about the closure of CalvinAyre.com and how the online gaming industry fits right into what is happening in Bitcoin.
Ayre shares, “My prediction is everything exciting that’s going to happen in the next 10 years in online gaming—other than the games themselves—but everything else, in the running of business, the operating of the business, the payments of the business… that’s all going to be done on the blockchain.”
Watch the full episode here.
New to blockchain? Check out CoinGeek’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.