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
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
BUIDL
An advice for investors to contribute new projects on blockchain rather than holding cryptocurrencies and waiting for the price to increase
All-Time-High (ATH)
The highest point (in price, in market capitalization) that a cryptocurrency has been in history.
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
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