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

Cold Wallet

Wallets that are offline and require physical access to certain devices (eg. hardware wallet, paper wallets)

Circulating Supply

An approximation of the number of coins or tokens that are currently not locked and available for public transactions.

Sharding

A form of database partitioning which breaks up data into smaller segments.

When Lambo

An expression used by investors to ask when the value of their investment could buy them a Lamborghini

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