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How Bank of Canada will launch its CBDC project
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[QUOTE="Lens1000, post: 230700, member: 37726"] The CBDC is the digital form of the fiat currencies and it price hovered around the value of the fiat currency. It is very important to note that the digital currency is a global project because virtually all the countries in the world are starting to adopt the project. The use of the paper works in getting archaic in the financial system and there as been moves to digitalisation. Many countries have been gradually fading out the traditional financial system where you will keep storing throngs of files that will make everywhere look very messy. So, the adoption of the CBDC is one of the move to digitalisation and that's exactly what we have been seeing around. Most of the countries have started dishing out the services of the centralized digital currency. However, I Will also want to know the sticking difference between the CBDC and cryptocurrency. China digital yuan employed all the decentralized features on its CBDC project. The used the blockchain technology and also readd that they are planning on add smart contract to the e-CNY platform. I don't know how authentic the information is and I don't seem to see the correlation between centralization and decentralization. Can you answer this? [/QUOTE]
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