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Definition: Project Hamilton


A research project undertaken by the Federal Reserve Bank of Boston and Massachusetts Institute of Technology to test the feasibility of a central bank digital currency (CBDC) for the U.S. Launched in 2020, Project Hamilton is a proof-of-concept that creates a digital dollar card that serves as a debit card for everything. A major goal is being able to process hundreds of thousands of transactions per second and complete each one in only a few seconds. This is not a cryptocurrency because Project Hamilton is centralized.

Disaster Warnings Are Legion
Dire warnings of the government tracking every payment that citizens make are widely published in right wing media. Claims of America becoming a surveillance state like China are voluminous with the U.S. government penalizing people for making purchases deemed politically inappropriate. See CBDC.