Zelaya on Nostr: L0la L33tz Blockstream, AKA #Bitcoin, is the technology behind #CBDC Consider ...
L0la L33tz (npub1mzn…6mak)
Blockstream, AKA #Bitcoin, is the technology behind #CBDC
Consider stablecoins, perhaps the most impactful blockchain application to date. These digital versions of fiat currencies exemplify how blockchain can extend the reach of established first world financial institutions like the Federal Reserve. By digitizing the US dollar, a global distribution channel has effectively been created, accessible to anyone with an internet connection - and it's growing fast.
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Pegged 1:1 with Bitcoin itself, negating the need for a native token, this Bitcoin sidechain enhances Bitcoin’s core functionality with features like faster, confidential transactions and the ability to issue digital assets ranging from stablecoins to securities such as bonds, equity or promissory notes.
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A truly secure, trust-minimized blockchain can replace laws, lawyers, and trusted institutions with software, thereby automating consensus. This is revolutionary for those in countries distrustful of their governments or where the rule of law is weak or non-existent as it provides a secure way to hold assets without relying on offshore jurisdictions.
https://blog.blockstream.com/scaling-trust-bitcoins-role-in-bridging-the-global-digital-divide/
Blockstream, AKA #Bitcoin, is the technology behind #CBDC
Consider stablecoins, perhaps the most impactful blockchain application to date. These digital versions of fiat currencies exemplify how blockchain can extend the reach of established first world financial institutions like the Federal Reserve. By digitizing the US dollar, a global distribution channel has effectively been created, accessible to anyone with an internet connection - and it's growing fast.
...
Pegged 1:1 with Bitcoin itself, negating the need for a native token, this Bitcoin sidechain enhances Bitcoin’s core functionality with features like faster, confidential transactions and the ability to issue digital assets ranging from stablecoins to securities such as bonds, equity or promissory notes.
...
A truly secure, trust-minimized blockchain can replace laws, lawyers, and trusted institutions with software, thereby automating consensus. This is revolutionary for those in countries distrustful of their governments or where the rule of law is weak or non-existent as it provides a secure way to hold assets without relying on offshore jurisdictions.
https://blog.blockstream.com/scaling-trust-bitcoins-role-in-bridging-the-global-digital-divide/