I don’t understand what a CBDC is. To the best of my knowledge, it seems like money that is backed by a SQL DB in DC or Beijing rather than paper with anti-coun

I don’t understand what a CBDC is. To the best of my knowledge, it seems like money that is backed by a SQL DB in DC or Beijing rather than paper with anti-counterfeiting measures. It sure seems a lot harder to trust that a CBDC wouldn’t be abused than a cash-based system, which at least has a paper trail (literally).