Hamilton - A High-Performance Transaction Processor for Central Bank Digital Currencies

Explore a conference talk presenting Hamilton, a high-performance transaction processor designed for Central Bank Digital Currencies (CBDCs). Delve into the innovative approach that allows Hamilton to achieve remarkable throughput of 1.7 million transactions per second in a geo-distributed setting. Learn about the system's key features, including high throughput, low latency, fault tolerance, and minimized data storage. Discover how Hamilton decouples transaction validation steps and employs a co-designed transaction format with a simplified two-phase-commit protocol for efficient parallel state updates. Gain insights into the flexibility Hamilton offers for various types of programmability and the roles of financial intermediaries in CBDC implementations. Understand the significance of this research in the context of global central banks' increasing interest in digital currencies.