The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published their long-awaited technical research and open-source code for a potential central bank digital currency (CBDC). The 35-page white paper is part of a joint initiative announced in August 2020. Dubbed Project Hamilton, the phase of the project ‘focuses on technological experimentation and does not aim to create a usable CBDC for the United States.’ The researchers also released the open-source code for Project Hamilton which is available in github for contributions. Overall, they found that the system was capable of handling 1.7 million transactions per second, while the vast majority of transactions were able to settle in under two seconds. As a whole, the researchers said they met their goal of creating a core processing engine for a potential general-purpose CBDC. Commenting on the development, Boston Fed Executive Vice President and Interim Chief Operating Officer Jim Cunha said: “It is critical to understand how emerging technologies could support a CBDC and what challenges remain. This collaboration between MIT and our technologists has created a scalable CBDC research model that allows us to learn more about these technologies and the choices that should be considered when designing a CBDC.” Boston Fed, MIT Research Separate from the US Fed Over the next few years, MIT and the Boston Fed said the second phase of the Hamilton project will explore alternative designs to the technical implementation of CBDCs and build upon the first phase’s focus on privacy, resiliency and functionality. The partnership between the Boston Fed and MIT is separate from the digital dollar research which was recently published by the Federal Reserve last month.

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The Federal Reserve Bank of Boston and the Digital Currency Initiative at the Massachusetts Institute of Technology (MIT) released the initial findings of their central bank digital currency (CBDC) research this week. This research is separate from the digital dollar research conducted by the Federal Reserve Board. As reported earlier, the Federal Reserve also recently […]

The function prevents digital avatars from coming within a 4-foot distance from one another to “avoid unwanted interaction,” according to a company exec

The post Meta Adds ‘Personal Boundary’ Tool After Virtual Sexual Assault Allegation appeared first on Blockworks.

Meta is rolling out a personal boundary as the default behavior in Horizon Worlds and Horizon Venues. 

NASA and SpaceX are studying why parachutes on two consecutive Dragon missions opened late but said they don’t believe the issue poses a safety risk.

The post NASA and SpaceX say lagging Dragon parachute may be normal phenomenon appeared first on SpaceNews.

A representative of Hut 8 mining discusses the “extremely disruptive” introduction of a new ASIC chip from Intel.

The Boston Fed and MIT said the first phase of the project proved a CBDC could feasibly support cryptographic payments

The post MIT and Boston Fed Conclude First Phase of CBDC Research Project appeared first on Blockworks.

North American esports organisation Version1 has announced the promotion of senior staff members Annie Scott Riley and Jake Trobaugh. Scott Riley, the organisation’s former VP of Marketing and Creative, has been promoted to the role of Chief Marketing Officer. Meanwhile, Trobaugh has been named Vice President, as well as Head of Esports and Acquisitions. Previously he held […]

Disney’s involvement in NFTs is only a matter of time, as the top entertainment conglomerate has expressed a strong interest in the space. American multinational entertainment and media company Disney is working on setting its place in the non-fungible token (NFT) space. Recently on the Disney Careers page, Disney posted a job vacancy for Business [...]

The post Will Disney Join The NFT Party? New Job Posting Revealed appeared first on Blockonomi.

Microsoft successfully blocked billions of phishing emails and brute force attacks that targeted Office 365 and Azure Active Directory customers in 2021. “From January 2021 through December 2021, we’ve blocked more than 25.6 billion Azure AD brute force authentication attacks and intercepted 35.7 billion phishing emails with Microsoft Defender for Office 365,” said Vasu Jakkal, Microsoft’s […]

New automated offering helps organizations gain comprehensive visibility across IT environments, continuously monitor for vulnerabilities, operationalize threat intelligence and manage risk.

BetMGM and MGM Resorts have extended their partnership with the NHL, while PointsBet has teamed up with Alpine Canada Alpin.

The post BetMGM and PointsBet Seal New Sports Partnership Deals in the US, Canada appeared first on VegasSlotsOnline News.