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[Mu Changchun, Director Of The Digital Currency Research Institute Of China's Central Bank: Systematically Improving The Currency Bridge Technology From Three Aspects] Mu Changchun, Director Of The Digital Currency Research Institute Of China's Central Bank, Said At The "Multilateral Central Bank Digital Currency Bridge: Central Bank Digital Currency Connecting Global Economies" Seminar Held At The Sibos 2024 Annual Meeting On October 23 That The Digital Currency Research Institute Will Systematically Improve The Currency Bridge Technology In Three Aspects: First, The Privacy Protection Mechanism. In The Future, Privacy Protection Technology Based On Zero-knowledge Proof Will Be Developed And Planned To Be Launched In 2025. The Design Of Zero-knowledge Proof Can Prove The Compliance And Adequacy Of Funds Of Both Parties To The Transaction Without Disclosing Details Such As Account Balances And Transaction Timestamps. Second, The Development And Operation System Of The System. The Currency Bridge System Is Deployed In A Decentralized Manner, And Each Party Operates And Maintains Independently. Third, The Openness And Transparency Of The Currency Bridge Platform. In Order To Strengthen Trust Among Participants, The Source Code Of The Currency Bridge Is Currently Fully Transparent To All Participating Central Banks. In The Next Step, The Digital Currency Research Institute Plans To Use The Development And Operation System To Promote Joint Development, Code Delivery, Code Review And Continuous Integration, Continuous Delivery And Continuous Deployment. At The Same Time, The Digital Currency Research Institute Will Work With The Bank For International Settlements To Hire Service Providers To Conduct Third-party Code Reviews And Open Source Assessment Preparation To Achieve Full Open Source
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