Cryptocurrency is digital money that exists only on the internet. It has no physical form like paper money or coins. The most well-known cryptocurrency is Bitcoin. Fiat money is the regular money we use every day, such as hryvnias, dollars, or euros. It is issued by governments and controlled by central banks.

The main differences between cryptocurrency and fiat money:

• Decentralization: Cryptocurrencies are not controlled by any government or bank. They operate on blockchain technology, which allows transactions without intermediaries.

• Anonymity: Cryptocurrency transactions can be anonymous, meaning users' personal data is not disclosed.

• Volatility: Cryptocurrencies can have significant price fluctuations, making them risky for investment.