Characteristics of Cryptocurrency
Characteristics of Cryptocurrency
| Parameter | Fiat | Crypto |
|---|---|---|
| Type | Physical | Virtual |
| Intermediary | Government, monetary authority, and banks | None |
| Portability | Yes | Very high |
| Durability | Subject to physical wear and tear | Very durable |
| Acceptance | National or sovereign boundary | Global via Internet |
| Security | Moderate | High |
| Decentralization | No | Yes |
Summary
Cryptocurrency differs from fiat currency by being digital, decentralized, and not controlled by central banks or government institutions.