Here ’s a great blog post by @darko on CBDC: What is a Central Bank Digital Currency and why should people prefer CBDC over bank accounts?
here is a quick snapshot:
In a series of posts, we will cover various aspects of this topic, including economic significance, modeling approaches and properties, and what benefits distributed ledgers might bring for CBDC.
Some of the topics discussed are:
What is CBDC and how does it differ from physical cash?
How does CBDC differ from the money in your bank account and what are the benefits of CBDC?
What would be the future role of banks and how do loans currently work?
What would be the effect of CBDC on the economy and what would be possible solutions?
Why should people prefer CBDC over bank account?
In the next installment of this blogseries, we will look at what technical properties a CBDC solution should have. We are going to explain how such a digital currency could look like using DAML.
If you want to master DAML smart contracts, you should also read:
- Interoperability between different markets and how DAML fits,
- Programming Smart contracts - A look into DAML, Kotlin & Java
- How easy it is to learn DAML,
- Some of the reasons why DAML and not Java or Solidity,
- DAML brings a paradigm shift as a programming language,
- How privacy in DAML differs from the rest and why it’s better.