Re: Central Bank Digital Currencies - how will they be constructed?
With increasing mentions of CBDCs, maybe it is time to start looking at the actual technology and methods that CBs are looking at to implement them?
Is there already such a thread here on bitcointalk?
Are they looking to use some blockchain construct?
How will their networks be assembled?
What will the 'governance' and 'consensus' mechanisms work?
Aside from a lot of mentions of CBDCs in the finance media, none ever mention the actual implementation details
I would say that the 'Altcoin Discussion' section would be an appropriate place for that - please drop info/ opinions
It's inevitable, but I don't think that they will adopt a structure that is even remotely similar to decentralised cryptocurrencies.
Ultimately the government and the central bank's aim is to retain a greater degree of control over money supply, and to potentially implement more creative ways of managing the cash market through principles of MMT.
Perhaps blockchain technology will be used, but there will likely be a much greater emphasis on the centralised power of government to alter/change transactions. So not necessarily immutable I'd say.