Key Differences Between CBDCs And Cryptocurrencies

Centralization:  The biggest difference lies in control. Cryptocurrencies are decentralized, not governed by any central body. In contrast, CBDCs are government-issued and overseen by central banks

Anonymity:  Using cryptocurrencies offers anonymity, but CBDCs are tied to users' bank accounts

Network Consensus: Cryptocurrencies use consensus algorithms to maintain a decentralized blockchain. CBDCs, however, rely on a government-controlled ledger

CBDCs vs. CRYPTOs: Cryptos are private and decentralized, while CBDCs are centralized but offer scalability advantages

Privacy:  Cryptos' anonymity empowers users, but CBDCs prioritize government oversight