Atvērt galveno saturu

Traditional Money vs Crypto Currency

Which One Will Be Better Option for Future: Bitcoin or Fiat Currency?

Fiat Money vs. Cryptocurrency
Fiat Money Cryptocurrency
  • Physical medium of exchange
  • Digital medium of exchange
  • Represented by bills and coins
  • Represented by 1 private and 1 public pieces of code
  • Unlimited supply. Government can produce as needed
  • Limited supply. Each cryptocurrency has set a maximum
  • Issued by government
  • Produced by computers
  • Centralized. Issued and controlled by law and banks
  • Decentralized. Not controlled by any government or entity
  • Value determined by the market and regulation
  • Value determined by supply and demand


Reference:

ZIGURAT Innovation School. (2019). Crypto vs Banking System. [online] Available at: https://www.e-zigurat.com/innovation-school/blog/crypto-vs-banking-system/ [Accessed 23 Oct. 2020]