Fiat currency or fiat money is known as legal tender that derives its value from the government that issued it. Fiat money includes paper money and coins, and its value, as mentioned, is determined by the government that prints it. The word fiat is derived from a Latin word with the same name. Countries around…
Cryptocurrencies are digital currencies that use blockchain technology for security and transactions. Bitcoin and Ethereum are the most famous cryptocurrencies. These currencies operate in a decentralized manner without the need for a bank intermediary. What is a cryptocurrency? Cryptocurrency is a type of digital or virtual currency that uses encryption (cryptography) and very complex codes…
Bitcoin and other digital currencies have been around for less than a decade. Nevertheless, this concept has been able to create a lot of hope for the correction of some financial and investment patterns in the world. Due to their decentralized nature, digital currencies do not have some of the problems of official money issued…