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.
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Related Terms
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Venture Capital
capital (funds) that is invested in a company that needs a substantial pool of funds to initiate.
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
Pay-Per-Share (PPS)
You are compensated for each valid share that you contribute. Each share is worth a set amount of cryptocurrency that may be mined.
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