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.

Share this with a friend!

Related Terms

When Lambo

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

Blockchain

In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.

Unspent Transaction Output

(abbv. "UXTO") Coins that are unspent in the wallet. Uxto virtually represents the cryptocurrency one own in the wallet.

Shilling

One who poses as a enthsiastic customer to swindle others as a form of covert advestising.

Hungry for more knowledge?

Back to Glossary or Subscribe to our newsletter.