Certificate of Deposit (CD)

A Certificate of Deposit (CD) allows customers to earn interest, after making a deposit for a fixed duration of time. A CD is completely the reverse of the credit system that we are accustomed to, where banks allow their customers to make purchases even without the necessary capital at the cost of interest.

Although the domain of cryptocurrency, the certificate of deposit hasn’t been explored yet. Even with such an appeal, only a handful of projects have been able to successfully implement the CD mechanism.