DLT-Based Central Bank Digital Currency Key Concepts

CBDC could be a decentralized application (Dapp) if it is based on decentralized ledger technology (DLT), such as blockchain, but it is not yet standardized with a common language. Central banks, other supervisory agencies, international policymakers, industry, technology providers, and software developers use different terminology to describe CBDC, instigating ambiguities and mistakes in the CBDC understanding. This research aims to survey the key concepts by which CDBC operates and analyze the relationships between key concepts. The key concepts of CBDC design could be a blueprint and a research tool to promote dialog between scientific communities and practitioners, simplify the collaboration between researchers and policymakers, namely central banks and other regulators, industry, and software developers in CBDC Design and, improve the secure implementation of the CBDCs with a schematic representation of the actual knowledge of CBDC produced by researchers and practitioners.