Design choices for blockchain settlement

Annelieke A.M. Mooij

Chapter 12 in Designing the Digital Euro, 2026, pp 164-185 from Edward Elgar Publishing

Abstract: This chapter examines blockchain-based digital euro design across micro-, meso-, and macro-levels. At the micro-level, it assesses public vs private blockchains, token design, and smart contracts, favoring a permissioned blockchain for privacy and security. While token design raises legal questions under article 128 TFEU, blockchain aligns with the legal framework's intent. Smart contracts pose holding limit challenges, which can be mitigated by excluding some contracts and applying safeguards. At the meso-level, a Proof-of-Authority consensus with Byzantine Fault Tolerance balances efficiency and security. The macro-level focuses on accountability, interoperability, and wallet design, stressing governance to protect stability and ensure user accessibility.

Keywords: Digital Euro; CBDC; ECB; Design; Offline Settlement; Blockchaining (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035390632
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035390649.00017 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:25419_12

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().