Cryptocurrency :
Is a blockchain technology which are not linked or governed by any government rather it is a network of computer that is based on the consensus on pure mathematics.
Cryptocurrency is under the umbrella of digital currency which involve the online transaction but they are not used by any companies for transaction .
Bitcoin ,steem dollar are the cryptocurrency which are generally used.
file:///storage/emulated/0/Download/bitcoin-1517918335.webp
Fiat money:
It is a physical money that is controlled by government of the country and also used for the taxes and to buy the goods and services these are used , It is in the form of banknotes ,coin etc , Every country have its own currency.
file:///storage/emulated/0/Download/whatisafiatcurrency-1614606263.webp
Why cryptocurrency is dominant over the fiat money:
There are three main point which are dominant over the fiat money:
- When we used cryptocurrency in case of fiat currency there is no any cost for the transaction but fiat currency have transfer cost .
One of the major importance of digital currency is that its value is increase when the value of the digital currency is increased but fiat money have not that features . - Digital currency allow us to transfer very small amount in all over the world but fiat money not transfer small amount.
3)Digital currency have not any interference of government but on the other hand the fiat currency have linked with the government .
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What you have told us today by quoting cryptocurrency, we did not know about this work before today, we are thankful to you
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shukriya bhai
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A good effort but your link is not right way it's ok but you can better things about it I will post tomorrow about this matter and please after the learning my post you can able to good create link
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Ok bhai i will prove it next time inshallah
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