There is plenty of content on the internet about CBDC which various officials release so it is no secret. If you know how to use mobile banking or any online payment gateway, you are ready to use a CBDC. They have similar usability and infrastructure, the only difference is that they are created and governed by a government whereas the previous one was through a company. CBDC is worse than mobile banking companies because the government can misuse their user data in such a cruel way that it can affect society very badly.
most CBDC are a hybrid 2 network system the mainnet for the central-commercial bank of reserves and issuance creation.. and subnetwork the individual banks/services retain data on and audit the customers and only report under conditions to the central authority. and vice versa
the ISO standard of curent electronic fiat payments is not the same as the multisig hop reserve sharing tech a CDBC routed payment uses
there is no PoW blockchain. the mainnet is more of a PoS system of one master multisig thats spendable state updates and has a hash tree(chain) of previous states to ensure all central-commercial parties retain the same mainnet history log of th main reserve allocations
So they have different infrastructure, but they have similar usability right? Like user will have to create an account through his NID card or government issued card number through an application. Is there any data about this from any pilot program of CBDC?
i already gave you a link
heres one example exert from the link
Another thing that came to mind is that master multisig is the main controller of the network. I mean that is he the one who will be responsible for issuing more currencies freezing any address etc? I can see i don't have much knowledge about it; I need to do some research on it.
its a 2 network system mainnet-subnetwork
the mainnet(wholesale) is the central bank-commercial bank multisig of reserves and currency issuance
the subnetwork(retail) is where the commercial banks store tx history of their customers and share on legal demand
2.1
Fourth, as retail CBDC, e-CNY mainly serves domestic retail payment demands.
Categorized by user and purpose, there are two kinds of CBDC, wholesale and retail.
wholesale CBDC is mainly issued to institutions such as commercial banks and
mostly serve large-value settlement. Retail CBDC is issued to the public for daily
transactions. Major countries and economies vary in their priorities of developing
CBDC, with some focusing on wholesale transactions and some dedicated to
improving the efficiency of the retail system. E-CNY is a retail CBDC issued to the
public. With a modern domestic payment system in China, the issuance of e-CNY will
fully meet the public’s daily payment needs, further improve the efficiency of the
retail payment system and reduce the cost of retail payment.
Fifth, in the future digital retail payment system, e-CNY and funds in the
electronic account of authorized operators are inter-operable, and both
constitute cash in circulation. Commercial banks and licensed non-bank payment
institutions that meet compliance requirements (including anti-money laundering and
countering terrorist financing requirements) and regulatory requirements regarding
risk management on a comprehensive and on-going basis may participate in the
e-CNY payment system as per recognition and support of the central bank. They can
also fully tap existing payment and other infrastructures while providing digital retail
payment services for customers
if a commercial service sees a customer do something suspicious it gives basic data to the central authority about the transaction and if needed the central authority is suppose to seek court order to ask for all data related to that transaction and customer, including history and any data available about that user
