The use of the e-CNY, or digital yuan, is now being expanded beyond the purchase of consumer goods. Beijing has cracked down on other cryptocurrencies such as bitcoin and instead seeks to provide its own alternative.
  • jackmarxist [any]
    ·
    2 years ago

    Someone tell me the difference btw Digital and Crypto

    • Huldra [they/them, it/its]
      ·
      2 years ago

      Pretty sure most crypto needs to be mined by users which is what causes the immense energy costs, also the decentralization creates massive problems for average use that prevents practical adoption of crypto, while a digital currency controlled by a central force is probably just currency that isnt produced in a physical form, I guess.