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Digital Currencies
VOCABULARY
| TERMS | MEANING |
| DIGITAL CURRENCY | is any currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems, especially over the internet. -Wikipedia |
| CRYPTOCURRENCY | is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. |
| CBDC | is a digital currency issued by a central bank, rather than by a commercial bank. It is also a liability of the central bank and denominated in the sovereign currency, as is the case with physical banknotes and coins. |
| VIRTUAL CURRENCY | is a digital currency that is largely unregulated, issued and usually controlled by its developers, and used and accepted electronically among the members of a specific virtual community. |
| STABLE COIN | is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities, or another cryptocurrency. |
| BLOCKCHAIN | is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network. - synopsis.com |
| CRYPTOGRAPHY | |
| FIAT |