Why cryptocurrency is growing so exponentially in recent years?
Lets compare the physical currency and cryptocurrency.
- Fiat Money(Currency)
- Issued by government.
- Unlimited supply and can be produced more by the government when necessary.
- Physical way of exchange money.
- Form of coin or paper.
- Centralized and control by the law and banks.
- It's value is determined by the market and regulation.
- Cryptocurrency (Bitcoin)
- Created by computers.
- Limited supply and has a set of maximum.
- A digital way of money exchange.
- Presented by private and public piece of code.
- Decentralized and not controlled by any single entity or government.
- It's value is not determined by the supply and demand.
Do you still think the money that can be controled by you or any independent people need not to be growing?
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