by any government or legislative body, unlike
ESSENTIAL DIFFERENCES Crypto is not regulated by any government or legislative body, unlike its traditional counterpart. Additionally, the newer kind of money tends to be much more price volatile , with dail find y swings in value that can be significant. Fiat’s stability is one of its main points of differentiation. For old-fashioned cash, you’ll need an intermediary, like a bank, to verify any transactions you make. However, the blockchain serves as a single point of verification for all transactions. Another important difference, at least for now, is that fiat money is generally accepted everywhere. Even if you visit another country, it’s easy enough to exchange to the local currency at any bank. Cryptocurrency is not universally accepted, but users do not need to exchange any of it when they cross national borders. That’s becau business se, in the places where it is accepted, all the verification of transactions is d house one on a single, decentr...