MIT Digital Currency Initiative introduces at-scale, programmable CBDC platform
The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) has introduced the experimental PArSEC platform. PArSEC — short for “parallelized architecture for scalably executing smart contracts” — is open source and developed with central bank digital currency (CBDC) in mind. The developers highlighted the platform’s speed. It performed 118,000 ERC-20 transactions per second on