What 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.

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.

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.