EU Investigates Public Blockchain for Digital Euro Launch

The European Union is exploring the use of public blockchains like Ethereum and Solana for its potential digital euro project. The European Central Bank (ECB) is considering implementing a digital euro on an open blockchain, instead of a private one, according to sources familiar with the situation, as reported by the Financial Times. Public blockchains offer greater transparency compared to private networks, where data access is limited to authorized entities. This move marks a significant development for the digital euro project, as the ECB hasn’t yet finalized its technical framework for the initiative.