Difference Between Digital Currency & Cryptocurrency

in cryptocurrency •  last year

Digital currency Vs cryptocurrency

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Lets find out the difference between Digital currency & Cryptocurrency

What is digital currency ??

Digital currency is only exist in the digital form ,it does't have any physical form or equivalent in the real world.But it is having all the characteristics of traditional money which we use in the daily life.
its same as Fiat money ,we can obtain,transfer ,exchange it for another currency.You can also use it to pay for good & to pay the bill such as mobile,internet in the online stores etc.
Digital money doesn't have any interruption of sending it from one place to another ,we can send it from any place of world to any member in the world.

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what is Cryptocurrency ??

Cryptocurrency is an asset used as a mean of exchanging,it is considerably reliable because its based on cryptography.
its one of the biggest motive is to do communication & to be secure.
It creates the algorithm & protocol so no information is interruption during the third part conversation .
Cryptography inculed large number of different science & mathematical conclusions.

Cryptocurrency uses block chain as decentralized work.it means no one is able to control the action in the block chain.
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here I am thinking Digital Currency & Cryptocurrency are same thing

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digital currency is centralized & controlled by authorities & crypto is decentralized & controlled by no one

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