In the wake of late 2008 and early 2009, a new form of currency has come into the economic picture of the world. These are popularly termed cryptocurrencies. Cryptocurrency are digital currencies too, however the important distinction rests in the fact that unlike centralized money that is manag...
Private cryptocurrency is banned in China, but the country has still been dabbling in digital currency. In fact, China’s central bank, PBOC, has created themost advanced market applicationof CBDC to date. China’s CBDC pilot of e-CNY relies on private-sector banks to distribute and maintain...
A central bank digital currency (CBDC) is a form of digital currency issued by a country's central bank. It is similar to cryptocurrencies, except that its value is fixed by the central bank and is equivalent to the country's fiat currency. Many countries are developing CBDCs, and some ha...
The most common question regarding digital wallets is: “Are they safe?” There are two main safety concerns: preventing someone from using it and protecting your financial data. FaceID, Touch ID or your passcode is required to authenticate the transaction on your iPhone or Apple Watch, so the...
A digital gold currency is an electronic form of money that is backed by gold reserves held in vaults by private agencies.
What is a digital exchange platform? Digital exchanges (sometimes called crypto exchanges) are digital platforms that allow users to buy, sell, and trade cryptocurrency (and/ or other digital assets) using fiat currency or other cryptocurrencies. These exchanges provide a user-friendly way for inves...
Ethereum is a blockchain supported by a decentralized network of computers all over the world. It introduced the idea of smart contracts, which are bits of code written into the blockchain that can support various types of applications or even new crypto
Cryptocurrency is a digital currency that usesblockchaintechnology — a shared ledger that records transactions and tracks asset ownership. Cryptocurrency assets and trades are secured withcryptography, which provides powerful security against fraud. Because cryptocurrency isn’t issued or regulated by a ce...
Facebook and the partners it has recruited aim to create a new kind of money, backed by a basket of international currencies—such as the U.S. dollar, the euro, and the Japanese yen—andbased on blockchain technology. The currency backing would make Libra a “stablecoin,” a digital cur...
Compare that with a dollar, for example, which is backed by the US government and regulated by the US Federal Reserve. Bitcoin is the network of connected computers where the digital token (also known as bitcoin) lives. The currency is digital only, meaning it cannot be removed from its ...