DLT Options for CBDC<sup>1</sup>-Reference-Cited by-同舟云学术

DLT Options for CBDC¹

Published:2024-01-01 Issue:1 Volume:13 Page:57-88
ISSN:2336-9205
Container-title:Journal of Central Banking Theory and Practice
language:en
Short-container-title:

Author:

Guo Sky¹,Kreitem Joseph²,Moser Thomas³

Affiliation:

1. * Cypherium , New York , United States

2. ** Cypherium , New York , United States

3. *** Swiss National Bank , Zürich , Switzerland

Abstract

Abstract This paper provides an overview of the distributed ledger technology (DLT) options available to central banks for issuing central bank digital currency (CBDC). We discuss the main requirements that a DLT solution must fulfill and analyze the various structures for implementation offered by DLT — public, permissioned and private — and the implications that each has for the central bank and the existing financial system. While a CBDC built on an open, permissionless system would provide the full functionality offered by DLT, it is also far more disruptive to the existing financial system and consequently requires more new infrastructure on the part of the central bank.

Publisher

Walter de Gruyter GmbH

Subject

General Economics, Econometrics and Finance

Link

https://www.sciendo.com/pdf/10.2478/jcbtp-2024-0004

Reference22 articles.

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