Caixin: The digital RMB smart contract is different from Ethereum's smart contract and is not built on a blockchain network
By: theblockbeats.news|2026/01/09 02:46:09
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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.
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