How is cryptocurrency different from traditional money?

Cryptocurrency is different from traditional money in a number of ways. Cryptocurrencies are decentralized, meaning that they are not issued or managed by a central authority. Transactions are based on a secure peer-to-peer network and managed through cryptography. Traditional currencies, on the other hand, are backed by governments and countries, who issue them and regulate their value. Another difference is the anonymity associated with cryptocurrency transactions. Transactions are recorded in a public ledger (the blockchain), but user identities are kept private, meaning that users can remain anonymous. Finally, cryptocurrency transactions incur lower fees than traditional payments, as there is no need for a middleman or third party to process the payment.