Now You Understand: Central Bank Digital Currency (CBDC)—Explanation and Usage, Part 2
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Global interest in CBDCs is surging, promising a shift from the traditional system to asset tokenization.
Private solutions, used for CBDC implementation, offer privacy control, centralized oversight, and high programmability with no transaction fees. Unlike public networks, private solutions operate 24/7 without third-party verification delays. Limited to selected members, private networks provide faster consensus.
CBDCs optimize asset tokenization, enhance security, and enable efficient, secure cross-border payments through smart contracts. Digital money boosts transparency, efficiency, and accessibility, eliminating vulnerabilities in the current infrastructure.