Cryptocurrency Q&A
What is the blockchain of CBDC?
What is the blockchain of CBDC?
CryptoEnthusiast
Fri Nov 08 2024
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5 answers
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CBDC, short for Central Bank Digital Currency, is a digital form of a country's official currency. Blockchain, as the underlying technology of CBDC, provides a decentralized, secure, and transparent ledger system. It enables efficient and programmable transactions, supporting various functions like cross-border payments and offline transactions. Through blockchain, CBDC aims to enhance financial inclusivity, track illicit activities, and offer a more efficient and modern payment system.
5 answers
CryptoPioneer
Sun Nov 10 2024
This control is achieved without compromising the privacy and independence of CBDC users.
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DigitalEagle
Sun Nov 10 2024
A blockchain-based CBDC offers central banks the ability to maintain control over the currency.
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ShintoSanctum
Sat Nov 09 2024
End users can enjoy the benefits of the CBDC while retaining their autonomy.
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SamsungSpark
Sat Nov 09 2024
It is crucial that users are not restricted by intermediaries.
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TaegeukChampionCourageousHeartWarrior
Sat Nov 09 2024
Intermediaries can sometimes create barriers that hinder user trust and adoption.
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