According to Caixin, the smart contracts of the digital yuan are different from the blockchain-based 'on-chain' smart contracts made famous by Ethereum. The digital yuan is built on a newly designed account system and infrastructure, where the central bank and commercial banks jointly maintain a 'shared ledger,' creating a unified ledger platform. The digital yuan operates within a non-blockchain smart contract system, enabling automated payments and mandatory execution as long as transactions occur within the closed-loop system of the digital yuan. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54813