Redesigned digital currency could keep central banks in control

The “RSCoin” framework would be controlled by central banks

Academics from University College London have unveiled what could be the next step in the use of digital currencies. Dubbed 'RSCoin', the cryptocurrency framework allows central banks to maintain control over the money supply while moving to a distributed payments network.

The framework, born of the Bank of England's (BoE) 'One Bank Research Agenda', which has encouraged research into blockchain (distributed ledger) technology among other projects, is the brainchild of George Danezis and Sarah M