Deep Tide TechFlow News: On January 9th, according to Caixin reports, a senior digital yuan expert pointed out that from the perspective of the actual performance of mainstream public chains and the daily high-concurrency demands of traditional payment systems, blockchain is not as efficient as traditional centralized payment systems in transaction efficiency and overall performance. However, blockchain technology is quite suitable for the cross-border payment field. The main reason for this is that there is a lack of mutual trust between central banks of various countries. Inter-central bank connectivity requires an underlying technical system to support it. If a traditional centralized system is adopted, it would immediately face a thorny problem: where to place the data center? Placing it in any one country would make other countries uneasy, worried about surveillance and data security from other nations. The distributed nature of blockchain can precisely solve this pain point—each participating central bank manages its own nodes, forming a truly decentralized and distributed network.
Deep Tide TechFlow News: On January 9th, according to Caixin reports, a senior digital yuan expert pointed out that from the perspective of the actual performance of mainstream public chains and the daily high-concurrency demands of traditional payment systems, blockchain is not as efficient as traditional centralized payment systems in transaction efficiency and overall performance. However, blockchain technology is quite suitable for the cross-border payment field. The main reason for this is that there is a lack of mutual trust between central banks of various countries. Inter-central bank connectivity requires an underlying technical system to support it. If a traditional centralized system is adopted, it would immediately face a thorny problem: where to place the data center? Placing it in any one country would make other countries uneasy, worried about surveillance and data security from other nations. The distributed nature of blockchain can precisely solve this pain point—each participating central bank manages its own nodes, forming a truly decentralized and distributed network.