Money has come a long way from shells, beads, and metal coins. For most of modern history, we’ve depended on government-issued currency, the paper bills and coins we carry in our wallets, or more recently, the digital balances in our bank accounts. But in the last decade, a new kind of money has entered the scene and captured global attention: Cryptocurrency.

Unlike the dollars, euros, or rupees we’re used to, cryptocurrencies like Bitcoin and Ethereum aren’t controlled by any government or central bank. They’re digital, decentralized, and run on cutting-edge blockchain technology. In this article, we’ll take a closer look at how cryptocurrency compares to government currency, breaking down their key differences in how they’re created, controlled, used, and valued. 

Difference between Fiat and Crypto

Basically, government currency (or fiat currency) includes the money most of us are familiar with — dollars, euros, rupees, yen, and so on, issued by a country’s ce…

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