In the Crypto-currency concept money is in digital form which has its value like bitcoin, Ethereum, Libra, Ripple and Litecoin it cannot be manipulated and publish according to will because for gold coin we have to do mining and gold coin can exchange through currency. In cryptocurrency Gold coins can be generated through limited resources.
In currency which is regulated by the Government money value can be manipulated and printed according to the wish of the Government. For example, a Rs.2000 note of currency is in your pocket and if the government announces it has become obsolete and will not work in the future likewise currency has been devalued by an announcement but in a cryptocurrency case money would be in E- wallet.
In a centralized form government has control over printing notes this is the main root cause of inflation. Globally, all countries’ currencies are interconnected like China itself fell its currency which affects the US market. Then they realize necessity is the other of invention and cryptocurrency concept develop.
In cryptocurrency there is no manipulation, no middleman and International transcations would be very easy. In recent, Facebook, Paypal, Amazon, and Walmart have been connected to cryptocurrency
Some years ago notes were printed according to Gold, dollars, and money reserved in the treasury of any state. This practice is considered to be Fiat Currency. We have an example of Zimbabwe which drowned its economy by printing countless currency notes which were in the Zimbabwe Government’s hands. But in cryptocurrency, money would be safe in digital form.
In cryptocurrency money value would not be depreciated, The Ledger is maintained by a blockchain system, and no manipulation is made due to limited resources, and likewise, inflation would be escaped
In cryptocurrency Digital version is safe like bitcoin is in digital form and you can only purchase bitcoin through exchange and mining as well. While in physical currency money and gold are in hands. we have an example of a man who collected money for his treatment. he kept them in the cupboard he never thought a mouse gnaw all his notes in the cupboard. He had gone through emotional trauma which he received from this incident.
In cryptocurrency, blockchain technology is used in which every entry is properly maintained. there is no chance of removing any entry and in blockchain technology users are limited and miners have their own computers every entry is verified and maintained in many steps. while the ledger is maintained by the bank in which any entry can be removed and if any entry has a problem all systems have to be checked. There is the possibility of manipulation in the ledger of the banking system.
