Happy Tuesday, Blockfolians
The Bank of Canada is embarking on a program of major social significance to design a contingent system for a CBDC, which can be thought of as a banknote, but in digital form.
That quote comes from a recent job listening from the Bank of Canada for a project manager to lead a new central bank digital currency initiative.
The job posting, picked up by CoinDesk, goes into surprising detail about the project showing off how they’re thinking about the features of a CBDC - from privacy to usability in the circumstance of having no electricity.
The takeaway is this: the central bank digital currency arms race is just heating up, and Canada seem focused on not being left behind.
Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.
Highly Relevant Reading
Ethereum 2.0 is on the way, and with it, ConsenSys is spinning up a staking service
TokenSoft is collaborating with Signature Bank on a new real estate security token platform
A strange leaked note from Binance’s CZ says that the company will defend itself against ‘desperate’ Chinese competitors
In the wake of a recent security breach, BlockFi brings in former Defense Department talent
Dan Held takes a fascinating look at the “decentralized marketing department” of bitcoin
Fortune profiles perhaps the most credible yet to bring blockchain to collectible card games
A Really Big Number We Should Be Paying Attention To
That’s the size of bitcoin’s latest difficulty adjustment - the largest since early 2018