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
Nonce
Abbreviation for ‘number only used once’ It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
Whale
Someone who holds an enormous amount of cryptocurrency and has the ability to wave the market
Mining Reward
The reward resulting from contributing computing resources to process transactions
Wallet
Software client that handles storage of cryptocurrencies and allows users to send cryptocurrencies.
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