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Blockchain

How Blockchain-based CBDC and crypto are different?

Both the cryptocurrencies and the central bank digital currency (CBDCs) have attracted the interest of millions across India. However, despite their common position as "digital assets", there are some significant distinctions between the two.

Bitcoin as next-generation money

The use of such currency by China in some specific cities and the recent budget outline of India have given further importance to it.

A voting technique

Blockchain is actually about solving society’s ultimate challenge ~ trust ~ and in doing so, it eliminates the need for middlemen. At a time when elections ~ even in advanced democracies ~ are facing allegations of fraud or outside influence, use of technology to eliminate rigging is imperative.