Caixin: Digital RMB smart contract development supports complete Turing-complete languages ​​such as Ethereum’s Solidity

PANews reported on January 19 that according to Caixin.com, a technical person familiar with the digital renminbi revealed that the smart contracts of the digital renminbi based on the account system and the smart contracts on the public chain are essentially "conditionally triggered automatic execution codes." The difference lies in whether they are completely Turing complete. The smart contract of the digital renminbi is based on the account system and is restricted Turing complete. Its programming is strictly limited to the template scripts permitted by the central bank and only supports preset and simple condition trigger functions. This design is mainly for security and risk control considerations. The development of digital RMB smart contracts supports multiple programming languages, including fully Turing-complete languages such as Ethereum's Solidity, so it is not technically a problem, but how to design a standard access and audit mechanism that can be accepted by the financial system is the core challenge.
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