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
Money Printer Go Brrr
A meme made to describe the US Fed printing excessive amount of money to support the traditional financial market to avert the stock market crash during the COVID-19 coronavirus pandemic.
Fear of Missing Out (FOMO)
Refers to the feeling of apprehension for missing out on a potentially profitable investment opportunity and regretting it later.
Generally an expression describing investors' fear of missing out the good timing of buying cryptocurrencies that could eventually be profitable
When Lambo
An expression used by investors to ask when the value of their investment could buy them a Lamborghini
ERC-20
ERC-20 is one of the most widely used token standards in Ethereum to create fungible, exchangeable tokens.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.