Central Bank Digital Currencies, or CBDCs, have gotten an enormous amount of attention. Many central banks are looking into them, from the Federal Reserve to the European Central Bank to African nations. Yet they almost seem difficult to define. Why is that so? It might be because what they propose is so brazen that we can’t quite wrap our heads around how it would work.

For many, Satoshi Nakamoto is more than just the inventor of a groundbreaking new technology— he’s a legendary figure surrounded with an almost religious reverence. Among Bitcoin fanatics, it’s not unusual to hear him referred to as the “savior” who came forth to free us from the tyranny of the banking system.

Cryptocurrency has exploded in popularity, and with it so has the variety of cryptocurrency wallets on the market. Dozens, if not hundreds, of new wallets have appeared over the last few years, making it difficult for cryptocurrency holders to choose which one is right for them.

With each passing month, more headlines appear announcing breakthroughs for Bitcoin. Some commentators still adamantly claim that it’s a bubble, while others are heralding the arrival of the world’s new reserve currency.

In the space of a decade, cryptocurrency has exploded from an obscure technology used mainly by geeks and hackers into an emerging asset class worth more than a trillion dollars. Mainstream financial institutions like Blackrock and Fidelity have now entered the Bitcoin market, and major corporations are adding it to their balance sheets too.