In: Finance
How do crypto currencies fit into the world of traditional currencies? How are they the same/different? What does the future hold for currencies?
Answer: Crypto currency- It is a digital currency or virtual payment system. It is a medium of exchange. It uses cryptography to secure the transactions. Bitcoin is the first block chain which is most popular. Crypto currency transfers the payment from one party to other in different country also.
Similarities between normal and crypto currency- Both are currencies and both serve as payment system, both are medium of exchange.
Difference between normal and crypto currency- Are as following: