#Firstdealoftheyearastylz Types of CBDCs CBDCs can be categorized into two main types: 1. Retail CBDCs: Designed for consumer use, retail CBDCs are intended for everyday transactions, such as buying goods and services. 2. Wholesale CBDCs: Used for interbank settlements and transactions between financial institutions, wholesale CBDCs aim to improve the efficiency and security of large-value transactions. Technical Designs for CBDCs CBDCs can be built using various technical designs, including: 1. Account-Based Model: In this model, users hold accounts with the central bank, and transactions are settled by adjusting account balances. 2. Token-Based Model: This model uses digital tokens to represent CBDCs, which can be stored in digital wallets and transferred between users. 3. Hybrid Model: A combination of account-based and token-based models, offering flexibility and scalability.