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How Bank of Canada will launch its CBDC project
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[QUOTE="Lens1000, post: 229363, member: 37726"] The CBDC projects is one of the best projects in the digital world. There is a paradigm shift from the analogue world to the digital version. The world is becoming digitalised and it will be a very wise decisions for the government of the countries to jump on the track . The major reasons for this projects is that the government noticed that cryptocurrency is gradually taken over the Financial system of the ecosystem. The most painful thing is that cryptocurrency is a decentralized platform and they can't control it. This is why they chose the CBDC as an alternative to cryptocurrency. A lot have been done to make the CBDC looks very much like cryptocurrency. This is seen with the digital yuan. They used a blockchain technology for the platform used for its transactions. It's true that they also added smart contract ok the blockchain to make it look very well like cryptocurrency in functionalities. The best that one could do right is to take advantage of the project. My country have also launched theirs and it's called the digital naira. I don't really understand how it works because I want to take Advantage of the fortune in the project. [/QUOTE]
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How Bank of Canada will launch its CBDC project
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