As Nahmii, official CBDC partner of Norges Bank, said in a blog post, the sandbox is available on GitHub and is designed to provide an interactive interface with the test network, enabling functions such as minting, burning, and transferring ERC-20 tokens.
Nahmii emphasized that the current version of the code does not support MetaMask’s Ethereum wallet and that only users with the right credentials can access it privately.
In addition to implementing smart contracts and proper access control, Norges Bank’s sandbox includes a custom user interface and network monitoring tools such as BlockScout and Grafana. Nahmii notes that the user interface also displays a summary that filters transactions on the network.
On Friday, Norges Bank announced on Twitter that Norway’s CBDC prototype infrastructure is built on Ethereum technology.
Norges previously mentioned Ethereum in a CBDC-related blog post back in May. Norges officially announced plans to conduct CBDC trials last April, hoping to find a solution. Preferred CBDC by adopting different designs for a period of 2 years.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…
The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…
UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
This website uses cookies.