DeFi, Blockchain and Cryptocurrencies: Proposing a Global Money Matrix for the Blockchain Era

Unlike early civilizations with an entire economy built around agriculture and the practicality of barter system, today's complex economies require immediate, low-cost transactions. The digitalization transactions is helping develop through various new assets currencies. appearance DeFi, CBDC’s, many blockchain based systems has created a bit debate among researchers. Consequently, matter maintains certain ambiguity, which requires more research. In this paper, we will be discussing how revolutionizing financial sector, by creating decentralized finance central banks’ digital We then propose global money matrix starting short literature review existing definitions categorizations since there still lack understanding standardization currency categories, especially Then do same for CBDC categorizing it component: participants, application scenarios.