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? What is Blockchain?

Blockchain is an emerging technology that serves as a series of time-stamped data managed over a secured, distributed network of database. It provides an encryption method for securing transactions records in an unalterable state, to preserve the integrity of information as originally recorded.

Other FAQs

? What is Project Sand Dollar? ? Why does the Central Bank of The Bahamas think we need this? ? Is the Central Bank planning on taking the country cashless? ? What is the difference between Central Bank Digital Currency (CBDC) vs. Bitcoin and other Cryptocurrencies? ? Is Sand Dollar a cryptocurrency like Bitcoin? ? What is an e-wallet? ? Where are Digital B$ accepted? ? Is the system secure? ? Why is Sand Dollar referred to as "the digital Bahamian dollar?" ? Is Sand Dollar Legal Tender? ? What is Sand Dollar backed by? ? Can Sand Dollar be used internationally?

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