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Latest Masterchain News

Masterchain is an Ethereum-based blockchain prototype released in 2017 by the Bank of Russia’s FinTech Association.

Masterchain uses distributed ledger technology to ensure secure interactions between banks and financial organizations. It quickly checks client data and transaction information, allowing for faster information sharing while providing privacy in financial transactions. 

Despite support from the country’s five main banks, Sberbank, Alfa Bank, VTB, Raiffeisenbank Russia and Otkritie, complaints about inefficiency arose in September 2021.