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
When Moon
An expression used by investors to ask when the price of a coin would hit a peak
Zero Knowledge Proof
Cryptographic proof for 2 parties to verify a value without revealing what the value is.
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Initial Coin Offering (ICO)
Initial Coin Offering (ICO) is the equivalent of Initial Public Offering (IPO), where a company/cryptocurrency venture raises funds through crowd sales.
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