European Union Considering Ethereum and Solana for Digital Euro Development

Reports indicate that the European Central Bank (ECB) is evaluating the potential of using Ethereum and Solana technologies for the development of the digital euro. This consideration is part of the EU’s efforts to explore innovative solutions for digital currencies and their integration into the financial system. The project aims to assess the suitability of these blockchains in meeting the performance and security requirements demanded by the digital euro. The evaluation includes a comprehensive analysis of scalability, costs, and potential environmental impacts associated with both technologies. The findings are expected to guide decisions regarding the technical infrastructure of the digital euro, focusing on achieving high efficiency and compliance with existing financial regulations. This move reflects the EU’s desire to remain at the forefront of financial innovation and adopt blockchain technologies to modernize its financial system.