Central Bank Digital Currency (CBDC): The Basics by Blockchain DXB 🚨 What is CBDC, Different Types of CBDC & benefits 🚨 Bitcoin vs CBDC 🚨 Game changer for CBDC 🚨 Political implications on CBDC
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Basic level explanation on CBDC, some of the points covered are below

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🚨 Podcast information below🚨 • What is CBDC, how does it work, and what role do Central Banks play in creating, managing and supply of money? General management of CBDC by Central Banks • How does CBDC compare with cash • Comparison between CBDC and Bitcoin • Supply comparison between CBDC & Bitcoin • How the issuance of CBDC is done? • Tracking of your money with CBDC • Is CBDC going to be stablecoins? • How loans and interest will work with CBDC • Central Banks working on privacy for CBDC • Russia plans to back CBDC with gold • Can CBDC cleverly manage supply by burning coins and help curb inflation? • Will CBDC use private key / public key/ Public address • Timeline of CBDC and how China used private companies to help spread adoption with the Olympics in mind • Multiple CBDC and Central Bank of UAE part of it • Will banks manage CBDC? • Will CBDC have smart contracting functionality? • Can you use CBDC without the internet by NFC? • Possibility of Insurance for CBDC • Importance of customer support • How customer service and chargebacks can help mainstream adoption • Ethereum Improvement Proposal EIP 1559 (London hard fork) & can CBDC implement a similar strategy and curb inflation • Beyond Blockchain tech to be used by Central Banks? • Bitcoin VS Central Bank Digital Currencies o Opensource o Permissionless o Censorship resistant o Borderless o Neutral o Publicly verifiable • Game Changer: Central Bank Digital Currency if they make the source code open, build it on Open Blockchain and implement Zero Knowledge proof could pose a serious threat to existence to Bitcoin and cryptocurrencies • Benefits of CBDC o Bank the unbanked o User experience  Email/password  Merge with private key but less strong cryptography  Ability to purchase without internet  Subscription services o Negatives of CBDC  State control  Easy to stop/censor transactions • David Chaum's project Tourbillion focuses on privacy for CBDC • Banks to update the ledger so that way Central Banks cannot have access to control transactions • Threat to stablecoins • Basic level explanation on o Retail CBDC o Wholesale CBDC o Multiple CBDC • Politics and politicians' Views on CBDC o Right Wing vs Left Wing View (USA) o Conservatives’ vs Labor Party (UK) o BJP vs Congress (India) o India, Pakistan's view on CBDC (Very Pro CBDC) o China’s role in CBDC  Launch  Peoples bank of China o Russia’s stance on CBDC • CBDC's role in Metaverse o Ideal use case o Better than cryptocurrency in the Metaverse? o Solves Scalability and offers a better user experience • Is CBDC Web 3.0? o Explanation of Web3.0 o CBDC not Web3.0

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