Caixin: The digital RMB smart contract is different from Ethereum's smart contract and is not built on a blockchain network
BlockBeats News, January 9th, according to Caixin, starting from January 1st, the balance in the digital RMB wallet will begin to accrue interest. It is reported that its smart contract is different from the well-known "on-chain" smart contract established on the blockchain such as Ethereum. A senior digital RMB expert pointed out that the digital RMB is not built on the blockchain, but is based on a brand-new account system. The central bank and commercial banks jointly maintain the "same ledger." By loading "smart contracts that do not affect the currency function," the digital RMB achieves programmability, supporting functions such as directed payments and automatic execution.
In addition, Caixin also revealed that only real-name authenticated digital RMB wallets can earn interest at the moment, meaning that first, second, and third-tier wallets are eligible for interest, while fourth-tier non-real-name wallets do not earn interest (fourth-tier wallets cannot confirm the owner's identity). After January 1st, mobile banking apps of each participating operational bank and payment platforms such as WeChat and Alipay will also gradually obtain permission to open digital RMB wallets.
You may also like

North Korean Hackers Enjoy 'Fat Years': Stole Record Amount in 2025, With Money Laundering Cycle of About 45 Days

What’s Driving Crypto Markets in Early 2026: Market Swings, AI Trading, and ETF Flows?
Imagine checking Bitcoin and Ethereum prices in a day — one minute up 5%, the next down 4%. Sharp moves, quick reversals, and sensitivity to macro signals marked the first week of 2026. After an early-year rally, both assets pulled back as markets recalibrated expectations around U.S. monetary policy and institutional flows. For traders — including those relying on AI or automated systems — this period offered a vivid reminder: abundant signals do not guarantee clarity. Staying disciplined in execution is often the real challenge.

Base contributes 70% of revenue but pays only 2.5% in rent; Superchain may be entering its "forking" countdown

ZCash Team Split, Bank of America Upgrades Coinbase Rating, What's the Overseas Crypto Community Talking About Today?

Key Market Info Discrepancy on January 9th - A Must-Read! | Alpha Morning Report

Wyoming’s FRNT Stablecoin Launches — First State-Backed Stablecoin Hits Market
Key Takeaways Wyoming leads innovation in the U.S. by launching the first state-backed stablecoin, FRNT, representing a pivotal…

Why Ethereum Can’t Compete on Speed Alone
Key Takeaways Vitalik Buterin emphasizes the importance of bandwidth scaling over latency reduction for Ethereum’s future. Ethereum’s design…

Bitmine Perseveres with Ethereum Staking, Adds Over $344 Million More in ETH
Key Takeaways Bitmine has significantly increased its Ethereum holdings by adding nearly 100,000 ETH valued at $344.4 million.…

USD 1 Billion Surge in Market Cap: Behind the Scenes with Trump Family Bet and CEX Shilling

The old altcoin script is outdated, take you to decipher the new market structure

Wyoming Stablecoin FRNT Goes Live on Solana, Polycule Bot Hacked, What's the Overseas Crypto Community Talking About Today?

Start-of-the-Year Crypto Rally Stalls: What’s Next?
Key Takeaways The initial crypto market boost at the start of 2026 has lost momentum, primarily due to…

Barclays Invests in Stablecoin Settlement Firm as Tokenized Infrastructure Expands
Key Takeaways Barclays has invested in Ubyx, a U.S.-based startup focused on developing clearing systems for tokenized forms…

Karatage Welcomes Shane O’Callaghan as Senior Partner in Strategic Move
Key Takeaways Karatage, a London-based hedge fund, appoints Shane O’Callaghan as a senior partner to enhance its institutional…

Lloyds Bank Achieves a Milestone: UK’s First Gilt Purchase via Tokenized Deposits
Key Takeaways Lloyds Bank executed the first-ever UK government gilt purchase through tokenized deposits, highlighting a transformative use…

Morgan Stanley Files for Ether Trust after Bitcoin and Solana ETF Proposals
Key Takeaways Morgan Stanley has made a significant move by filing for an Ethereum Trust with the SEC,…

2025 Crypto Bear Market: A Crucial Year for Institutional Repricing
Key Takeaways The 2025 crypto bear market witnessed significant corrections in the DeFi and smart contract sectors, setting…

Trend Research: 2026 Beyond Paradigm, WLFI Initiates Financial Ecosystem New Era
North Korean Hackers Enjoy 'Fat Years': Stole Record Amount in 2025, With Money Laundering Cycle of About 45 Days
What’s Driving Crypto Markets in Early 2026: Market Swings, AI Trading, and ETF Flows?
Imagine checking Bitcoin and Ethereum prices in a day — one minute up 5%, the next down 4%. Sharp moves, quick reversals, and sensitivity to macro signals marked the first week of 2026. After an early-year rally, both assets pulled back as markets recalibrated expectations around U.S. monetary policy and institutional flows. For traders — including those relying on AI or automated systems — this period offered a vivid reminder: abundant signals do not guarantee clarity. Staying disciplined in execution is often the real challenge.
Base contributes 70% of revenue but pays only 2.5% in rent; Superchain may be entering its "forking" countdown
ZCash Team Split, Bank of America Upgrades Coinbase Rating, What's the Overseas Crypto Community Talking About Today?
Key Market Info Discrepancy on January 9th - A Must-Read! | Alpha Morning Report
Wyoming’s FRNT Stablecoin Launches — First State-Backed Stablecoin Hits Market
Key Takeaways Wyoming leads innovation in the U.S. by launching the first state-backed stablecoin, FRNT, representing a pivotal…