Caixin: Digital Yuan Smart Contract Development Supports Fully Turing-Complete Languages Like Ethereum's Solidity

Odaily According to a technical source familiar with the digital yuan, the smart contracts based on the digital yuan's account system and those on public chains are essentially both "condition-triggered automatically executing code." The difference lies in whether they are fully Turing-complete. The smart contracts based on the digital yuan's account system are of a restricted Turing-complete type, with programming strictly confined to template scripts approved by the central bank. They only support preset, simple condition-triggering functions. This design is primarily for security and risk control considerations. The development of digital yuan smart contracts supports multiple programming languages, including fully Turing-complete languages like Ethereum's Solidity. The core challenge is how to design a set of standard access and auditing mechanisms acceptable to the financial system. (Caixin)