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
Altcoin
Coins althernative to Bitcoin
Utility Token
cryptocurrency tokens with specific utilities on a network besides being used as medium of exchange and investment vehicle.
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
InterPlanetary File System (IPFS)
The InterPlanetary File System (IPFS) is a peer-to-peer network and distributed file system protocol for storing and transferring data.
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