The research sought to test the hypothetical general purpose of the Central Bank Digital Currency (CBDC).
Using two models, the first one processed transactions through the “ordering server” distributed ledger technology according to the report.
Recently, the Federal Reserve Bank of Boston and the Digital Currency Initiative at the Massachusetts Institute of Technology conducted research dubbed “Project Hamilton”. The research sought to test the hypothetical general purpose of the Central Bank Digital Currency (CBDC). With the use of two potential models, the first one processed transactions through “ordering server” distributed ledger technology according to the report. This ensures that the validated transactions are organized into blocks to create an ordered transaction history.
The second model also processed transactions in parallel on multiple computers. Interestingly, the researchers were able to use the first model to complete 99 percent of transactions in le
