web3/concepts/cbdc.md

Central Bank Digital Currency

A digital currency issued by a central-banks often shorted as CBDC. The implementation and wise-scale use of CBDCs is a hypothetical technology. Many experimental implementations do not use a blockchain and are based on centralized database technologies and do not require a consensus-algorithm. This makes CBDCs technical underpinnings significantly distinct from crypto asset which are allegedly decentralized.

Examples

• Chinese Digital Yuan
• Bahama Sand Dollar

References

• *[@kiff_survey_2020]
• [@bilotta_cbdcs_nodate]
• [@nabilou_central_2019]