What does Circle digital currency mean (CIB digital currency)?
Circle digital currency is a decentralized application on the blockchain that e
Circle digital currency is a decentralized application on the blockchain that enables anonymous payments using Bitcoin. When a user sends funds to a digital currency wallet, a significant transfer of funds is generated, making the transaction records public and transparent. In this case, people can freely convert their assets into another cryptocurrency in any form to participate. This allows them to gain rewards and more benefits.
Circle is a digital currency tied to fiat currency and is currently one of the most liquid digital currencies globally, also known as “eCash”.
CIB digital currency
According to official sources, CIB digital currency (CIB) is jointly initiated and issued by the China International Economic and Technological Cooperation Promotion Association and WeBank in Qianhai, Shenzhen.
It is understood that “CIB” is a blockchain-based digital currency system, with similar design principles and functions to Bitcoin. However, it does not rely on centralized exchanges or wallets and other third-party institutions to provide liquidity or serve as a settlement method. Additionally, due to the use of smart contracts for transactions and storage of value, users do not have complete autonomous control over their assets.
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