The Central Bank of Lithuania officialized this July 23 the launch of its digital collection coin LBCoin, a cryptocurrency that runs on the NEM blockchain. The project represents a challenge for eurozone central banks that have not been as outspoken about blockchain technology.
LBCoin is the world’s first known central bank-issued collectable digital currency. Its characteristics make it a unique case, since it has a hybrid infrastructure: an interoperable system that It integrates the private network of the Lithuanian bank with the public blockchain of NEM.
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