What are national cryptocurrencies 🤨

The Block counted 60 central banks that have officially announced the development or launch of a national cryptocurrency.

Distinguishing features of national cryptocurrencies:

➡️ Issuance is controlled by the Central Bank, no mining is implied.

➡️ The exchange rate is pegged to the national currency and is set by the Central Bank.

➡️ Centralized network management.

In fact, it's the same digital equivalent of cash that you use in online banking. But now cryptography and blockchain have been added to it to increase protection and reduce the cost of payments.