Currency is defined as something, more often than not paper and
coins, that act as a medium of exchange for goods and services.
This practice of trade has been a constant for humankind throughout
its various ages, occurring in multiple forms, yet resulting in the
same outcome. While earlier transactions revolved around the
exchange of physical forms of currency in the form of legal
tenders, at present, with the advancements made in technology, the
currency has taken an alternative system that's known as
cryptocurrency.
Cryptocurrency facilitates financial transactions in the same
manner currency does, with the exception that it is intangible and
acts as a digital asset. The standard currency relies on central
banking systems and controlling authorities as a form of
regulation, whereas cryptocurrency utilises a form of decentralised
control. This decentralised methodology of control is made possible
by the use of distributed ledger technology or distributed
