Skip to main content

Learn about Blockchain technology part 3

Post a Comment

Nigeria's Central Bank in Talks With Blockchain

 



Nigeria's Central Bank in Talks With Blockchain Platform R3 for CBDCR evamp: Bloomberg


The Central Bank of Nigeria (CBN) Is looking

to develop a new system for ts digital Currency, the eNaira, and Is In early-stage talks with New York-based blockchaln firm R3,

Bloomberg reported on Tuesday, citing people familiar with the matter. The CBN wants to develop Its own software

for the digital curency so that it can keep full

control of the effort acconding to Bloomberg.

Nigeria was the first Afrlcan natlon to issued a digital verslon of its national currency in

October 2021. Nearly a year later, the central

bank announced the eNalra had been used for around S$10 millon worth of transactions. The central bank worked with Utah-based Bitt Inc. to issue the eNaira in 2021, and the company wont immediately be replaced bynew partners, according to Bloomberg. Bitt told Bloomberg It was aware that the CBN

"works with varlous service providers to

explore technlcal Innovatlons for thelr digital Infrastructure andd that It's currently

developing additlonal features and enhancements for the eNaira system.

CoinDesk reached out to R3 and the CBN for comment.

The original author of this article is Sandall Handa gama CoinDesk

Binance News



Comments

Post a Comment

Popular posts from this blog

Man celebrate freedom after 29 years in prison

 Man celebrating after 29 years in prison  See video  See detail
Post a Comment
Read more

APPROVAL FOR PAYMENT OF SALARIES FOR THE MONTH OF MARCH, 2025

  GOVERNMENT SPECIAL ANNOUNCEMENT APPROVAL FOR PAYMENT OF SALARIES FOR THE MONTH OF MARCH, 2025. In keeping with the undertaking made to the good people of Rivers State, I am pleased to inform you that the Sole Administrator of Rivers State, Vice Admiral (RTD) Ibok – Ete Ekwe Ibas CFR, has approved the payment of salaries for all civil servants in the Rivers State Civil Service, including Pensioners and all suspended political appointees, for the month of March, 2025. The Administrator has further directed the Accountant-General to ensure that payment for salaries in March 2025 is remitted, without any delay. Signed: Prof. Ibibia Worika
Post a Comment
Read more

Skills in blockchain technology that will earned in dollars

  Blockchain technology requires a variety of skills to effectively develop, implement, and manage blockchain solutions. Here are some key skills: 1. Programming Skills: Proficiency in programming languages such as Solidity (for Ethereum), JavaScript, Python, Go, and C++ is essential for developing smart contracts and blockchain applications. 2. Cryptography: Understanding cryptographic principles is crucial, as blockchain relies heavily on cryptographic techniques for security, data integrity, and privacy. 3. Data Structures: Knowledge of data structures like linked lists, hash tables, and trees is important, as they are fundamental to how blockchain operates. 4. Distributed Computing: Familiarity with distributed systems and networking concepts is necessary because blockchain is a decentralized technology. 5. Smart Contracts: Skills in writing and deploying smart contracts are vital, especially for platforms like Ethereum. 6. Blockchain Architecture: Understanding the underlying ...
Post a Comment
Read more