How is Cryptocurrency different from traditional currency?

1. Traditional currency is issued and regulated by a central bank or government, while cryptocurrency is decentralized and not issued or regulated by any central authority.

2. Traditional currency is stored in physical form or in a bank account and can easily be exchanged for goods and services, but cryptocurrency must be stored in a digital wallet and exchanged using secure transactions on the blockchain network.

3. Traditional currencies are backed by a government and are subject to inflation, but most cryptocurrencies are deflationary and not backed by any government or central bank.

4. Transactions with traditional currencies can take days to settle, while transactions with cryptocurrencies are usually completed in minutes.

5. Traditional currencies are not anonymous, as users need to provide personal information when opening bank accounts or making payments, but cryptocurrency transactions are anonymous.