To open an e-CNY account/digital wallet, the user will need to go to one of the tier 2 institutions. Tier 2 institutions so far include the 6 largest state-owned banks, and two internet banks (WeBank and MYBank). The date to look for in terms of how trialing the currency has rendered it fit for commercial,…

Although other cryptocurrencies, such as Ethereum, perform better than Bitcoin, blockchain still limits them. This gives auditors the ability to review cryptocurrencies like Bitcoin for security. However, it also means there is no real authority on who controls Bitcoin’s code or how it is edited. If a majority of the network users agree that the…