{"id":13840,"date":"2022-09-12T10:45:16","date_gmt":"2022-09-12T10:45:16","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/norwegian-central-bank-uses-ethereum-to-build-national-digital-currency\/"},"modified":"2022-09-12T10:45:18","modified_gmt":"2022-09-12T10:45:18","slug":"norwegian-central-bank-uses-ethereum-to-build-national-digital-currency","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/norwegian-central-bank-uses-ethereum-to-build-national-digital-currency\/","title":{"rendered":"Norwegian central bank uses Ethereum to build national digital currency"},"content":{"rendered":"
The central bank of Norway has hit a major milestone in digital currency efforts, releasing the open source code for the country\u2019s central bank digital currency (CBDC)\u00a0sandbox.<\/p>\n
Available on GitHub, the sandbox is designed to offer an interface for interacting with the test network, enabling functions like minting, burning and transferring ERC-20 tokens, the Norges Bank\u2019s official CBDC partner Nahmii said in a blog post.<\/p>\n
Nahmii stressed that the current version of the code does not support the major Ethereum wallet MetaMask by design and is only privately accessible by users with appropriate credentials.<\/p>\n
In addition to deploying the appropriate smart contracts and access controls, the Norges Bank sandbox includes a custom frontend and network monitoring tools like BlockScout and Grafana. The front end also shows a filterable summary of transactions on the network, Nahmii noted.<\/p>\n