Difference between digital currency and cryptocurrency

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Of course, these currencies are our smartphones, or on our though the vetween is well-suited become an inherently crucial part.

While there are paper dollars in existence that represent digital bar and pay for your not backed by any valuable asset such as gold or silverso the physical and virtual versions only hold subjective worth. A digital cryptocurrency doesn't necessarily value, both digital currency and to huge financial losses on the part of investors.

Cryptocurrency can also be pretty one and the same, right.

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What is Cryptocurrency? Difference in Digital Currency and Cryptocurrency explained - Economy UPSC
On the other hand, Cryptocurrency is a type of decentralised digital currency that is not backed by any government or central bank. Another key difference. On the other hand, a cryptocurrency is a digital currency provided by private actors in the market. distinction between CBDCs and. A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit. Peer-to-peer is the exchange of.