Good morning all, another question to tackle today
cryptocurrency vs fiat what is your say on this?
When it comes to cryptocurrency and fiat their are alot of differences to talk about
just as we all know that cryptocurrency are digital payment system that is done without going through any bank verification before confirmation is made...
most of the transaction on cryptocurrency are being recorded in a public ledger that is,money is being store in form of wallet,
Cryptocurrency verify all their transactions through the use of encryption and I believe that is where the name cryptocurrency came from..
Now coming to fiat currency the value on this currency are maintain and regulated by the government that is, the government determine how it will be..
In conclusion by the time you carry out the kind of huge transactions u did on cryptocurrency in fiat currency the government will have start monitoring someone just because their are the one that over the transactions that carry out in fiat currency
the difference between cryptocurrency and Fiat is that cryptocurrency is decentralized and fiat is centralised.
cryptocurrency means and carry a lot of features, and those features gives a lot of freedom to the people. when we talk about cryptocurrency we talk about the blockchain and block chain activities are Wider than just making money on crypto.
there are lot of features on blockchain blockchain can be used for voting and electoral activity of a society.