Cryptocurrency is a global wonder that could possibly replace traditional currencies also known as fiat currencies. In part because of the economic transformation into a cashless world, the recognition of cryptocurrencies continues to gain traction.
The fact that many people all over the world are now trading in electronic currency affirms that the cryptocurrencies may be the currency of the future. However, amid the strong resistance of regulators around the world, it will take some time before they make a way into the mainstream market.
Fiat currency and cryptocurrency are the media of trade for the storing and transmission of money, both of which can be used for the procurement of goods or services, and both of which have their value regulated by supply, demand, work, shortage and others, etc.
Here are 5 major differences between fiat currency and cryptocurrency that is essential to consider according to the users of…