Caixin: Digital RMB differs from Ethereum smart contracts; WeChat, Alipay, and others will gradually obtain wallet opening permissions

According to ChainCatcher, as reported by Caixin, starting from January 1, digital RMB wallet balances will begin to accrue interest. It is noted that its smart contracts are different from the "on-chain" smart contracts built on blockchain and made famous by Ethereum. Senior digital RMB experts have pointed out that digital RMB is not built on blockchain, but is based on a newly designed account system, where the central bank and commercial banks jointly maintain a "single ledger." By integrating smart contracts that "do not affect the monetary function," digital RMB achieves programmability, supporting features such as targeted payments and automatic execution.