Difference between Cryptocurrency and Digital Currency

Distinguish, differentiate, compare and explain what is the difference between Cryptocurrency and Digital Currency. Comparison and Differences.

Differences between Cryptocurrency and Digital Currency

S.No. Basis of difference Cryptocurrency Digital Currency
1 Definition / Meaning Digital currency is the electronic form of fiat money that can be used in contactless transactions. Cryptocurrency is a store of value that is secured by encryption.
2 Regulation Digital currency is regulated by a central authority (For example: RBI for India). Cryptocurrency is decentralised and unregulated.
3 Stability & usage Digital currency rates are stable, and currencies are globally accepted. Cryptocurrency rates are highly volatile, and digital coins are not widely accepted yet.
4 Who gets to know about the transactions? Digital currency transactions are only known to the sender, receiver, and the bank. Cryptocurrency transactions are publicly available on a decentralised ledger.
5 Security & Encryption Digital currency needs strong passwords to protect digital wallets, banking apps, credit, debit cards. Cryptocurrencies are secured by encryption.


Difference between Digital Currency vs Cryptocurrency

Cryptocurrency vs Digital Currency

Differences between Digital Currency vs Cryptocurrency

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