Question: How do cryptocurrencies differ from central bank digital currencies ( CBDC ) ? Cryptocurrencies are worth more than CBDC ' s because they are backed
How do cryptocurrencies differ from central bank digital currencies CBDC
Cryptocurrencies are worth more than CBDCs because they are backed by the government.
CBDCs are issued by a central bank and government backed, and cryptocurrencies are created by an algorithm and backed by nothing
Both cryptocurrencies and CBDCs are issued by a central bank and government backed.
CBDCs are created by an algorithm and cryptocurrencies are issued by a central bank and government backed.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
