It’s faster, cheaper, more secure and immutable . Cash is controlled by banks while bitcoin has owners. … No real way of keeping a track of conventional currency- The underlying technology behind bitcoin, which is, blockchain is what makes or breaks it.
Read moreCan bitcoin be used as real money?
Cryptocurrency can be converted through an exchange or a broker . One can use a peer-to-peer platform to convert digital coins into cash, by just selling it. Also this system entails lesser fees and guarantees a better exchange rate than one gets through a third-party brokerage.
Read moreWhat is the difference between bitcoin and real money?
The main difference of Bitcoin from traditional currencies lies in the fact that no one controls Bitcoin as it is decentralized . It allows Bitcoin to be an independent peer-to-peer money system that can function regardless of anyone’s wishes.
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