The Role of Blockchain in Central Bank Digital Currency Development
Central banks around the world are exploring the creation of digital currencies, commonly known as Central Bank Digital Currencies or CBDCs. These digital üye ol currencies are inspired in part by crypto and blockchain technology, although they differ in structure and governance. CBDCs represent a significant evolution in finance, as they combine the credibility of central banks with the efficiency of digital technology. The development of CBDCs highlights how crypto and blockchain are influencing the future of monetary systems. Blockchain technology provides a model for secure and transparent digital transactions. While not all CBDCs rely on fully decentralized blockchain systems,…