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
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
Custody
Protective care or guardianship of an asset.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
QR Code
Abbreviation "Quick Response Code", QR code is a machine readable optical label that stores up to 3Kb of data
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