china starts major trial of state-run digital currency

china starts major trial of state-run digital currency

Slow fog technology, a china starts major trial of state-run digital currencyblockchain security company, announced that it has developed a fake recharge vulnerability scanner to provide detection and defense for the exchange. Slow fog said that the scanner has supported the scanning of fake recharge vulnerabilities in mainstream public chains such as usdt, Ethereum token, XRP, EOS and Monroe coin, and is committed to reducing the security maintenance cost of the exchange and avoiding the attack risk in advance. Slow fog pointed out that up to now, the global digital currency exchange has lost more than 2.9 billion US dollars due to security problems. As a frequent attack method, fake recharge attack can easily obtain the assets of the target exchange and cause huge losses.

According to caixin.com, the key technology R & D and application demonstration project of trade finance development platform led by the digital currency Research Institute (hereinafter referred to as the Central Bank Institute of Statistics) has been approved as a key special project of the national key R & D plan, with a total project funding of 32.35 million yuan, with three years as the implementation period. So far, compared with similar projects, the project is the blockchain platform project with the largest support and the highest level at the national level. The project is led by the Institute of mathematics and statistics of the people's Bank of China, and other undertaking units include Tsinghua University, Zhejiang University, Renmin University, Chinese Academy of Sciences, credit reference center of the central bank, financial assets exchange, and Oriental port under the General Administration of customs. Relying on the trade finance blockchain platform (hereinafter referred to as the trade finance platform of the central bank) and focusing on building an open and shared trade finance ecology, the project will gather more resources. The docking between the central bank's trade and gold platform and Hong Kong's trade linkage platform has gone deep into the implementation of technical details. In addition, the information released by the Shenzhen Central Branch of the Central Bank of China shows that the central bank's trade and gold platform is also negotiating with Singapore's national trade platform. In the future, the central bank will focus on serving the real economy and helping small and medium-sized enterprises to reduce the cost of trade financing. The trade and finance platform of the central bank will connect similar platforms of more countries and international organizations to form a global trade financing highway with extensive connection,

Allow anyone to build and use decentralized applications running through blockchain technology without any fraud, censorship, or third-party supervision. The concept of Ethereum was first proposed by vitalik buterin, vitalik buterin, inspired by bitcoin from 2013 to 2014 to jointly build a more global, freer and more reliable internet. Ethereum Ethereum Ethereum Ethereum Ethereum Ethereum Ethereum Ethereum Ethereum Ethereum Ethereum Ethereum erc721erc2.0 has pledged about 20000 eth. The investment will be carried out in cooperation with Canadian institutional pledge platform caneth, an institutional pledge platform for Ethereum holders, co founded by Canadian cryptocurrency miner Dwain Pereira and bitcoin investor noman Qureshi to facilitate users' participation in Ethereum 2.0. In 2014, IBC group was established in UAE to invest in international blockchain projchina starts major trial of state-run digital currencyects supported by high net worth individuals and private family offices. It is also a major holder and early adopter of a variety of digital currencies.

Christine Lagarde, the current managing director of the International Monetary Fund and a candidate for president of the European Central Bank, explained to the European Commission on economic and monetary affairs the guiding principles for the election of the president of the European Central Bank. Lagarde said that while central banks should ensure the security of the financial sector, they should also be open to the opportunities offered by change. Lagarde said that while recognizing digital currency as an area of innovation, be wary of risks in terms of financial stability, privacy or criminal activity, and ensure proper regulation. According to a previous report, Yves mersch, a legal official of the European Central Bank, commented on Libra as charming but dangerous. His attitude was both receptive and vigilant. He said that the European Central Bank had accepted the technological development in the monetary field and would continue to explore useful innovations. However, he hoped that the European people would not abandon the security and robustness of the established payment solutions.