CBDC Security pertains to the measures and protocols implemented to safeguard Central Bank Digital Currencies from unauthorized access, manipulation, or disruption. This involves robust cryptographic techniques, secure network architectures, and stringent access controls to ensure the integrity and confidentiality of transactions and user data. The objective is to maintain public trust and operational stability for digital fiat currencies issued by monetary authorities. It encompasses both the technological and procedural safeguards.
Context
The development and potential issuance of CBDCs have ignited significant discussions regarding their security implications. Key concerns revolve around the potential for state surveillance, the resilience against cyberattacks, and the protection of individual financial privacy. The ongoing global exploration of CBDC frameworks necessitates a thorough examination of these security considerations to inform policy and technological design.
This research validates threshold signatures for CBDCs, distributing key control to eliminate single points of failure and bolster financial system resilience.
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