Question

What are the advantages of using a Blockchain(bitcoin) currency over regular currencies?

Answer 1

The advantages of blockchain currency over regular currency are as follows-

A. These are highly encrypted currencies and they are less prone to manipulation than the actual currency who are not encrypted.

B. Blockchain are digital version of currencies whereas actual currencies also have the physical version.

C. Blockchains are not subject to the regulation by any third party but normal currency are subject to regulation by the Federal Reserve and other Central banks across the globe

D. These regular currencies are not frequently traded over the exchange systems where as the blockchains are continuously traded their values are continuously determined by the twin factors of demand and supply through price discovery.

E. The level of fraud and manipulation in blockchains are comparatively lower but the physical currency can be subject to blackblack money transactions.