Bank of Korea reports slow transaction processing times in DLT digital currency pilot

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The Bank of Korea (BOK) is to review additional central bank digital currency (CBDC) design options after its 10-month experiment to test a retail CBDC based on distributed ledger technology (DLT) revealed “limitations of scalability” such as slow processing times during periods of high transaction volume when compared with a more conventional centralised ledger database, the bank says... More