Cryptocurrency vs. Government Currency: What’s the Difference?
Money has come a long way from shells, beads, and metal coins. For most of modern history, we’ve depended on government-issued currency, the paper bills and coins we carry in our wallets, or more recently, the digital balances in our bank accounts. But in the last decade, a new kind of money has entered the scene and captured global attention: Cryptocurrency.
Unlike the dollars, euros, or rupees we’re used to, cryptocurrencies like Bitcoin and Ethereum aren’t controlled by any government or central bank. They’re digital, decentralized, and run on cutting-edge blockchain technology. In this article, we’ll take a closer look at how cryptocurrency compares to government currency, breaking down their key differences in how they’re created, controlled, used, and valued.
Table of contents
Difference between Fiat and Crypto
Basically, government currency (or fiat currency) includes the money most of us are familiar with — dollars, euros, rupees, yen, and so on, issued by a country’s ce…
The post Cryptocurrency vs. Government Currency: What’s the Difference? appeared first on Coin Edition.
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Cryptocurrency vs. Government Currency: What’s the Difference?
Money has come a long way from shells, beads, and metal coins. For most of modern history, we’ve depended on government-issued currency, the paper bills and coins we carry in our wallets, or more recently, the digital balances in our bank accounts. But in the last decade, a new kind of money has entered the scene and captured global attention: Cryptocurrency.
Unlike the dollars, euros, or rupees we’re used to, cryptocurrencies like Bitcoin and Ethereum aren’t controlled by any government or central bank. They’re digital, decentralized, and run on cutting-edge blockchain technology. In this article, we’ll take a closer look at how cryptocurrency compares to government currency, breaking down their key differences in how they’re created, controlled, used, and valued.
Table of contents
Difference between Fiat and Crypto
Basically, government currency (or fiat currency) includes the money most of us are familiar with — dollars, euros, rupees, yen, and so on, issued by a country’s ce…
The post Cryptocurrency vs. Government Currency: What’s the Difference? appeared first on Coin Edition.
Read More
What is the role of Altcoins in the Cryptocurrency World?