The full comparison of fiat and crypto is here for you guys. This article is so simple and contain everything you need to know about and also i tried to figure out this organize pattern to make you understand easily. Let's get straight to the points
Fiat crypto
Physical medium of Exchange 1. Digital medium of exchange
Represented by Bills and coin 2. Represented by 1 private & 1 - public codes.
Unlimited supply 3. Limited Supply
Issued by government 4. Produced by computers
Centralized (controlled by law and banks) 5. Decentralized. (Not controlled - by anyone)
Value determined market and regulation 6. Value determined by supply - and demand
Where Does It come From?
Fiat Crypto
Each country has its own mint, controlled 1. Computers solve complex by governmental oversight. mathematical problem & are - rewarded for their solution - with coins.
How To Acquire?
Fiat Crypto
Wages and salaries/ Wages and salary
sales Sales
win the lottery Mining
invest Crypto-exchange/ invest
Where Can It be Used?
Fiat Crypto
Mainly with in the sovereign territory of 1. Mainly online, to buy issuing country. products and services lesser - extent.
USD, EURO and YEN are used as 2. Some of countable numbers of reserve and exchanged to local currency. Accepts crypto.
Can I Have Profit From Holding It?
Fiat Crypto
*Fiat money often suffers from inflationary. * Crypto is deflationary in nature.
*As goods and services become expensive * Its value is less influenced by, the value of money decreases. price of goods and services.
*The interest rate is generally set by the * Fixed supply means market forces central bank to regulate money. alone responsible for any phenomenon Value.
How Secure Is It?
Fiat Crypto
*Difficult to counterfeit but still possible * Nearly impossible to counterfeit.
*Identification should be exposed for * No identification requires for transactions. transactions.
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The full comparison of fiat and crypto is here for you guys. This article is so simple