THE END OF BITCOIN? FED DESIGNS DIGITAL DOLLAR THAT HANDLES 1.7 MILLION TRANSACTIONS PER SECOND...

As the race against China’s development of its central bank digital currency (CBDC) known as the digital yuan continues, the U.S. Federal Reserve accomplished a feat in testing a design for a U.S. digital dollar that in one of two tests, managed to handle 1.7 million transactions per second.

A report released last Thursday provided the initial findings of research conducted as a collaboration between the Boston Fed and the Massachusetts Institute of Technology (MIT). Dubbed ‘Project Hamilton’, the report describes a theoretical high-performance and resilient transaction processor for a CBDC that was developed using open-source research software called ‘OpenCBDC’.

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