Central Bank Digital Currency (CBDC)
By Cryptomcmillan1 | Updated on May 24, 2020
It is a digital fiat currency issued by the central banks, contrary to cryptocurrency that issued by non-legislative party. It is centralized and many countries are already embracing the CBDC. For example, China is one the first few to pilot testing its CDBC "digital yuan" in 2020.
Related Terms
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
Hash
A hash function is an output code (unique and alphanumeric) that we obtain from an input string,
Do Your Own Research (DYOR)
An advice for investors to do their own research on the coins they wanted to invest in
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