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 cryptocurrecy which are generally used.
https://images.app.goo.gl/YJYxkoAME7PWvdHu6
People drifting towards cruptocurrency due to some benefits over other money.
Some benefits of cryptocurrency over 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.
https://images.app.goo.gl/D6K8UEnXKCxW3PHg8
- 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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Thanks bhai
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