Norwegian central bank uses Ethereum to build national digital currency

2022.09.12 15:15

Norwegian central bank uses Ethereum to build national digital currency

The central bank of Norway has hit a major milestone in digital currency efforts, releasing the open source code for the country’s central bank digital currency (CBDC) sandbox.

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’s official CBDC partner Nahmii said in a blog post.

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Norwegian central bank uses Ethereum to build national digital currency