Bank of Israel to Use Ethereum Tech for Digital Shekel: Report
Cables inside a draw housing graphics processing units (GPU) used to mine the Ethereum and Zilliqa cryptocurrencies at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worlds second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Bloomberg/Bloomberg
, Photographer: Bloomberg/Bloomberg
Gwen Ackerman, Bloomberg News
(Bloomberg) --
The Bank of Israel adopted Ethereum technology for an internal pilot run of the digital shekel, the Israeli financial daily Globes reported without saying where it got the information.
The central bank spokesman was not immediately available for comment.
Ethereum was the first blockchain to host fully-functioning computer programs known as smart contracts that allow users to create new cryptocurrencies.
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