Cryptocurrency and Money

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Cryptocurrency and Money

Cryptocurrency vs. Money

A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.

Similarities between Cryptocurrency and Money

Cryptocurrency and Money have 10 things in common (in Unionpedia): Bitcoin, Cash, Central bank, Digital currency, Dot-com bubble, Federal Reserve System, Fiat money, Forbes, Medium of exchange, People's Bank of China.

Bitcoin

Bitcoin (₿) is the world's first cryptocurrency, a form of electronic cash.

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Cash

In economics, cash is money in the physical form of currency, such as banknotes and coins.

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Central bank

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates.

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Digital currency

Digital currency (digital money or electronic money or electronic currency) is a type of currency available only in digital form, not in physical (such as banknotes and coins).

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Dot-com bubble

The dot-com bubble (also known as the dot-com boom, the dot-com crash, the Y2K crash, the Y2K bubble, the tech bubble, the Internet bubble, the dot-com collapse, and the information technology bubble) was a historic economic bubble and period of excessive speculation that occurred roughly from 1997 to 2001, a period of extreme growth in the usage and adaptation of the Internet.

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Federal Reserve System

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.

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Fiat money

Fiat money is a currency without intrinsic value that has been established as money, often by government regulation.

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Forbes

Forbes is an American business magazine.

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Medium of exchange

A medium of exchange is a tradeable entity used to avoid the inconveniences of a pure barter system.

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People's Bank of China

The People's Bank of China (PBC or PBOC) is the central bank of the People's Republic of China responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by Bank Law.

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The list above answers the following questions

What Cryptocurrency and Money have in common
What are the similarities between Cryptocurrency and Money

Cryptocurrency and Money Comparison

Cryptocurrency has 145 relations, while Money has 198. As they have in common 10, the Jaccard index is 2.92% = 10 / (145 + 198).

References

This article shows the relationship between Cryptocurrency and Money. To access each article from which the information was extracted, please visit:

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