Hello to my friends who love life and keep smiling despite all negativity. In this article, I will talk about the difference between Digital money and Cryptocurrency. Many people confuse these concepts or think the two are the same. I will try to explain it as simply as possible. Let's learn together…
What is Digital Money? Is an internet-based exchange tool that is available in digital form and is only used for transactions and payments in electronic environment, and has all the features of traditional money except its unique features such as transaction speed and ease of transaction. Digital currencies are a type of money that allows online payments on electronic media. Coins remaining in bank accounts are also digital money. You can pay bills, shop, and transfer money with digital currencies.
Cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin are also a type of digital money. It uses Blockchain technology compared to regular digital currencies and is decentralized.
Digital currency is much more secure than paper and coins. Digital currency uses computer files instead of paper and uses crypto passwords to protect records. The use of paper money carried in wallets does not have any security, but the use of digital currencies is through electronic passwords specified by the user. Digital currencies are more difficult to imitate than paper money.
What is cryptocurrency? Is a type of digital currency, an exchange, an exchange tool that is not controlled by a central authority, allows value transfer from person to person without the need for another authority, uses cryptographic transactions to perform financial transactions through online networks (internet).
What are the Differences Between Digital Money and Crypto Money?
Digital currencies are issued and controlled by an authority. Therefore, digital currencies have a central structure. There is no authority behind crypto coins and crypto coins are developed in a decentralized structure.
Transactions with digital currencies can be performed by users with their real identities. Therefore, transactions are not confidential. Personal information is not required when trading with cryptocurrencies. Therefore, transactions made with crypto money are confidential.
Although digital currencies are regulated by many countries with legal regulations, cryptocurrencies are relatively new assets, which are limited by a small number of countries.
While digital money transactions are very weak against cyber attacks and open to manipulation compared to crypto currencies, blockchain-based cryptocurrencies are much stronger and safer against these attacks.
In finishing…
I hope I could tell you the difference between digital money and crypto money. You should especially learn about the cryptocurrency world. Do not forget that we will only use cryptocurrency in the future.
As I always said, listen to everyone, decide for yourself ...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch… Take care of yourself so that you and the people around you are happy…
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