Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Read the following online articles that explain the difference between the 3 currencies. What are the major differences between Gold, Fiat, and Cryptocurrencies? Bitcoin vs.
Read the following online articles that explain the difference between the 3 currencies. What are the major differences between Gold, Fiat, and Cryptocurrencies?
- Bitcoin vs. Gold vs. Fiat Currency: A Three-way Comparison. https://coincodex.com/article/2972/bitcoin-vs-gold-vs-fiat-currency-a-three-way-comparison/(Links to an external site.)
- Gold Vs Fiat. https://aheadoftheherd.com/Newsletter/2020/Gold-versus-fiat.htm(Links to an external site.)
3. Difference Between Fiat Currency and Cryptocurrency. https://keydifferences.com/difference-between-fiat-currency-and-cryptocurrency.html(Links to an external site.)
Which offers in your opinion the best benefits regarding:
- Fungibilityrefers to the interchangeability of each unit of a certain commodity or a good with other units of the same good.
- Divisibilityis a practical attribute, which proves its worth, especially in smaller day-to-day transactions
- Verifiabilityis a primarily security-focused attribute, which helps prevent theft and forgery
- Censorship resistance. The idea that no entity can seize wealth that is stored or block transactions.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started