In many ways cryptocurrency and gold are the same. Both resources are rare; gold rare by nature, while cryptocurrency remarkably is programmed Protocol of the blockchain. Gold and bitcoin can be divided into parts; the gold can melt and turn into small round coins, or even small particles. Each bitcoin can be divided to 0.0001 units. Both resource — interchangeable; each ounce of gold be exchanged for the same.
However, the cryptocurrency has a number of distinctive things:
gold — physical, cryptocurrency — virtual
- gold stored in banks for security purposes and for payment, crypto currencies are stored on your computer and all payments are tracked through the blockchain.
- gold can be stolen physically, while crypto-currencies are vulnerable to hackers.
- gold is available only where it is physically cryptocurrency dostupna wherever there is Internet
- the liquidity of gold is due to its material delivery to the recipient, the liquidity of cryptocurrencies can be done almost instantly at any time.
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