How does cryptocurrency differ from Fiat currency?
Government’s issues fiat currency for use in a particular geographical location. Cryptocurrency is borderless and used by anyone in the world over the internet.
Fiat currency is printed as physical notes and coins, produced in unlimited amounts decided by a particular government. Unlike Fiat currency, cryptocurrency does not have any physical notes or coins. It is stored as a balance in a digital wallet. Cryptocurrencies like bitcoin have a capped supply. For example, according to the Bitcoin Network’s rules, only 21 million Bitcoin will ever be created, expected to be mined by 2140.