Algorand
$1.79 6.16%
ALGO · 1w

Currently the work that the Boston Fed and MIT are doing is not actually operating on a blockchain

> I think it's less likely that we're going to be designing a digital currency for the blockchain or for a particular blockchain. Currently the work that the Boston Fed and MIT are doing is not actually operating on a blockchain in part because we want to have sufficient throughput and speed of transactions that the distributed ledger is not as effective of a mechanism for meeting kind of the operational needs that we think we would need. Eric Rosengren, former president and CEO of the Federal Reserve Bank of Boston. https://youtu.be/ivqFo9C2Jdo?t=721 I fear that Algorand is not doing enough to get in front of decision makers. Is there a way for us to elevate this concern to decision makers at Algorand to make sure that they are submitting Algorand to all requests for proposals from CBDC's? I strongly believe that algorand can meet the throughput and speed requirements that the Federal Reserve is looking for.
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