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☎️ ECB Experiments with MPC Technology

☎️ ECB Experiments with MPC Technology

Day: 10 | Time: 16:13:22 The European Central Bank (ECB) is experimenting with multiparty computation (MPC) technology, which could support the entire European economy in the future. The ECB recently completed a blockchain-based experiment for its central bank digital currency (CBDC) with Zama. However, liquidity matching remains a challenge for the parties involved in the same blockchain network. Zama is also exploring Fully Homomorphic Encryption (FHE) cryptography to offer data privacy solutions. Additionally, while MPC could theoretically support the entire Finnish economy, supporting the entire European economy will still take time.

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Source: Cointelegraph