But while cryptocurrencies provide more accessible options for regular use and application in real-world applications, the ease of regular transactions depends on the type of cryptocurrency.
Some cryptocurrencies like Bitcoin have characteristics making it a widely backed and popular currency, offerings more opportunities for holders to spend their coins.
How the cryptocurrency is designed to be used, its blockchain’s performance and regularity of increased supply all play a role in ease of access, as well as price fluctuation.
While there are obvious differences between cryptocurrency and fiat currency, there are fundamental similarities influencing their values too.
Both types of currency are influenced by supply and demand, both can be offered in exchange for goods and services, and both have store of method functions meaning they can be put away and used later without risk of total loss.
However, some of cryptocurrency’s most attractive benefits of everyday use are in their contrasts to fiat currency, and how they influence value.