The Differences Between Fiat Money And Cryptocurrency
The difference between Fiat Money and cryptocurrency is one of the confusing concepts for beginners in the world of crypto.
You have probably used the US dollar, the Euro, or the Pound in making transactions, either physically or via an online platform.
Is there any difference between the regular money issued by governments and cryptocurrencies like Bitcoin, Ethereum, etc? That is exactly what we are going to consider in this article.
we will look at what fiat currencies and cryptocurrencies are, and the differences between them.
What is Fiat Money?
You may not know what Fiat Money is, but you know our paper money, right? Well, then you have a
a fair idea of what Fiat Money is because most contemporary paper currencies are Fiat.
Fiat is the money that the government declares...