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Johnson
@landoniii
The Eastern Caribbean Central Bank's DCash system, a pioneering CBDC, faced a significant outage from January 14 to March 9, 2022, due to an expired security certificate on its Hyperledger Fabric platform. This disruption halted transactions across seven nations, raising concerns about digital currency reliability. The ECCB assured users that all DCash wallet balances remained secure, and all failed transactions were logged for recovery. Upon restoration, the bank honored these transactions, achieving a 100% user fund recovery rate. Upgrades were implemented to enhance platform resilience, though the outage underscored vulnerabilities in CBDC infrastructure, particularly the need for offline capabilities in disaster-prone regions like the Caribbean. The incident highlighted critical lessons for global CBDC development.
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