Digital Cash - What It Is & How It Works
Explore the world of digital cash and its various forms in this comprehensive conference talk from GOTO Amsterdam 2023. Delve into the differences between electronic payment methods, from bank cards to cryptocurrencies, and gain insights into the emerging field of Central Bank Digital Currencies (CBDCs). Learn about the basic functions of money, user expectations for digital payments, and the technical challenges in designing a digital currency platform. Examine the creation, distribution, and usage of digital cash, as well as the security requirements and potential for programmability in CBDCs. Gain a deeper understanding of how digital transactions work, the role of distributed ledger technology, and the future implications of digital currencies for the global financial system.