Blockchain technology along with cryptocurrency as its main use case was created as a protest against the existing monetary system governed by central banks and political elites. The latter have criticized and tried to ban the tech quite many times. Having faced strong resistance, they came up with a plan B — CBDCs. Let’s find out what it is and why it isn’t superior to traditional fiat currencies.
https://medium.com/jax-network/cbdc-vs-jax-backed-localized-derivatives-8cc7539101e5
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