DLT Not Efficient Enough to Power CBDCs: BOE’s Cunliffe

“Distributed ledger technology suffers with some real challenges on scalability,” Cunliffe said, with any system needing to be secure and fast. “On the retail side of it, we put in 30,000 transactions per second as a base case, going to 100,000. I don’t think you can find any distributed ledger technology that gets remotely close to that.”