Sunday, March 27, 2016

DNB wants to develop its own version of bitcoin – NU.nl

This is stated in the annual report (PDF) that the bank published this week. DNB refers to the development of the DNBcoin one of his goals for 2016. The annual report is also not clear who will take the development cost.

The DNB is not a substitute for the euro or the make bitcoin. The bank will primarily examine the block chain technology further. So will show whether that can be used to save time and cost in the financial world.

The block chain is a decentralized system in which all transactions are recorded. Because these accounts is not stored in one place, fraud bitcoin-like coins must be very difficult.

DNB is not the first bank that wants its own version of the bitcoin. Bank of England, the central bank of Britain, developed earlier this year the RSCoin

By:. NU.nl

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