Currency Sovereignty
A nation’s control over its monetary policy and issuance in the digital era.
What is Currency Sovereignty?
Currency sovereignty ensures central banks maintain authority amid private digital assets, with CBDCs like digital euro safeguarding against stablecoin dominance. China’s e-CNY counters U.S. dollar hegemony, promoting multipolar systems.
In CBDCs, it involves trackable issuance to prevent interference, reducing foreign dependency. Legal frameworks affirm sovereign control over digital money.
Related Terms
EIP (Ethereum Improvement Proposal)
A standardized process for proposing and implementing changes to the Ethereum protocol.
Double Spend
Attempting to spend the same digital asset more than once in a blockchain network.
Coinbase Transaction
Coinbase refers to a leading U.S.-based digital asset exchange, the coinbase transaction that creates new digital assets in a blockchain block, and the block reward that incentivizes miners with new assets and transaction fees.
Ethereum (ETH)
A decentralized blockchain platform that pioneered smart contracts, enabling programmable money and decentralized applications.
Token Pair
A combination of two digital assets in a DEX liquidity pool, enabling direct swaps between them via AMM mechanisms.
Liquid Staking
A staking mechanism on Ethereum where users receive derivative tokens representing their staked ETH, allowing them to use these tokens in DeFi activities while earning staking rewards.