The electronic dollar, as defined in the bill, would be a bearer instrument that people could hold on their phone or a card. The system would be token-based, not account-based, meaning if someone were to lose their phone or card, they would lose the funds. In other words, it would be like losing a wallet with dollar bills in it.
Crypto for Advisors: Digital Asset Custody’s Future
One of the most flexible options out there, MPC is not limited to a specific network by a smart contract,...