In terms of offering secure worth, secure cash and central financial institution digital currencies (CBDC) appear to function two sides of the identical proverbial coin. Steady crypto belongings, nonetheless, can present solely completely different use instances – and CBDCs merely can’t compete.
The secret’s programmability – good contracts that automate and add new performance to cash. Programmability permits assist and decentralization of belongings not attainable in present CBDC designs. Builders ought to make the most of the programmable alternatives secure belongings present reasonably than making an attempt to compete with CBDCs.
Nikhil Raghuvera is Head of Technique and Innovation on the Celo Basis, a non-profit group supporting the event of the Celo blockchain. He’s additionally a senior researcher on the GeoEconomics Heart of the Atlantic Council. Nikhil beforehand labored in administration consulting, non-profit administration and financial consulting. He holds an MBA from the Wharton College and an MPA from the Harvard Kennedy College.
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