The merge was a long-awaited upgrade to the Ethereum network, seeking to make it more scalable and energy efficient. Now that it is complete, Ethereum’s proof-of-work consensus mechanism has been replaced by a proof-of-stake one, making it more sustainable, as well as providing several other benefits. However, organisations must have an understanding of any resulting complications as they manage risks associated with the merge.
Bank of England intervention won’t be enough By Burhan Khadbai The Bank of England’s shock announcement on 28 September that it would conduct ‘temporary and targeted purchases’ in the gilt market shows the extent to which investors had lost faith in the UK government’s fiscal strategy.
MEETINGS CBDC: from vision to reality Friday 14 October, Roundtable OMFIF’s DMI and Giesecke+Devrient convene a private roundtable for central banks that explores the insights and lessons learned from pilot projects, what steps need to be taken to move from pilot to production, what’s necessary to make a CBDC ecosystem operational and how to foster adoption.
ON DEMAND Evolution of payments systems: national versus international Central banks are grappling with the question of whether a national payments system is preferable to an international one. OMFIF launched a report assessing the relative strengths of different payments systems.
