Traditional Currency vs Cryptocurrency 💻

CoinGabbar

Discover the key differences between the physical and the digital! From centralization to decentralization, unlimited supply to scarcity—get the facts straight and choose your future of money wisely.

Transcript

00:00Wondering what is cryptocurrency?

00:01Let's understand it by comparing it to traditional currency.

00:04Issued by government.

00:06Created on computer via blockchain technology.

00:08Physical medium of exchange.

00:10Digital medium of exchange.

00:12Centralized and controlled by banks.

00:14Decentralized with no particular authority controlling it.

00:18Unlimited supply.

00:19Government can print money according to its requirement.

00:22Most of the cryptos have limited supply.

00:24Its value depends on market and regulations.

00:27Demand and supply determine its value.

00:29There are chances of manipulations.

00:31Almost secured.

00:32Hope this helps and for more such updates.

00:35Follow CoinLumber.

Category

Transcript

Recommended