jayboi on Nostr: What tech stack does e-Naira use? The e-Naira, like other digital currencies, was ...
What tech stack does e-Naira use?
The e-Naira, like other digital currencies, was created to improve security, privacy, and transparency for its users. The exact technology used to develop the e-Naira isn't fully known, but research suggests that common tools like Distributed Ledger Technology (DLT) and Hyperledger Fabric are likely part of it. DLT helps ensure transparency, security, and that data cannot be changed, and it supports the two-tiered system the Central Bank of Nigeria (CBN) uses. Hyperledger Fabric, on the other hand, is a blockchain system designed for businesses and organizations.
#cbdc
The e-Naira, like other digital currencies, was created to improve security, privacy, and transparency for its users. The exact technology used to develop the e-Naira isn't fully known, but research suggests that common tools like Distributed Ledger Technology (DLT) and Hyperledger Fabric are likely part of it. DLT helps ensure transparency, security, and that data cannot be changed, and it supports the two-tiered system the Central Bank of Nigeria (CBN) uses. Hyperledger Fabric, on the other hand, is a blockchain system designed for businesses and organizations.
#cbdc