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How Bitcoin And CBDCs Differ In Fundamental Ways

  • Grayscale has recently explained some of the particular differences in the nature of central-bank digital currencies and bitcoin. 
  • Writing in a report, the company suggests that central-bank digital currency is an upgrade to the traditional digital payments infrastructure.

Grayscale, the biggest crypto fund manager in the industry has recently explained some of the particular differences in the nature of central-bank digital currencies and bitcoin. Writing in a recent report, the company suggests that central-bank digital currency is an upgrade to the traditional digital payments infrastructure. When discussing bitcoin, they say that it is an upgraded version of money itself as they further write:

“CBDCs are sometimes viewed as synonymous to, or as replacements for, digital currencies like Bitcoin, but they represent a meaningful departure from the decentralized protocols inherent to many cryptocurrencies. CBDCs attempt to upgrade payment infrastructure while Bitcoin is an attempt to upgrade money. If CBDCs gain traction, they may actually bolster the value proposition for Bitcoin and other digital currencies.”

You can find the report here.

Philip Bonello is the author of the report and explains that these essential digital currencies would be a virtual class of a Fiat currency. He even adds saying that they would retain many of the features of a traditional currency. 

  • Grayscale has recently explained some of the particular differences in the nature of central-bank digital currencies and bitcoin. 
  • Writing in a report, the company suggests that central-bank digital currency is an upgrade to the traditional digital payments infrastructure.

Grayscale, the biggest crypto fund manager in the industry has recently explained some of the particular differences in the nature of central-bank digital currencies and bitcoin. Writing in a recent report, the company suggests that central-bank digital currency is an upgrade to the traditional digital payments infrastructure. When discussing bitcoin, they say that it is an upgraded version of money itself as they further write:

“CBDCs are sometimes viewed as synonymous to, or as replacements for, digital currencies like Bitcoin, but they represent a meaningful departure from the decentralized protocols inherent to many cryptocurrencies. CBDCs attempt to upgrade payment infrastructure while Bitcoin is an attempt to upgrade money. If CBDCs gain traction, they may actually bolster the value proposition for Bitcoin and other digital currencies.”

You can find the report here.

Philip Bonello is the author of the report and explains that these essential digital currencies would be a virtual class of a Fiat currency. He even adds saying that they would retain many of the features of a traditional currency. 

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