Question: Read the following online articles that explain the difference between the 3 currencies. What are the major differences between Gold, Fiat, and Cryptocurrencies? Bitcoin vs.

Read the following online articles that explain the difference between the 3 currencies. What are the major differences between Gold, Fiat, and Cryptocurrencies?

  1. Bitcoin vs. Gold vs. Fiat Currency: A Three-way Comparison. https://coincodex.com/article/2972/bitcoin-vs-gold-vs-fiat-currency-a-three-way-comparison/(Links to an external site.)
  2. Gold Vs Fiat. https://aheadoftheherd.com/Newsletter/2020/Gold-versus-fiat.htm(Links to an external site.)

3. Difference Between Fiat Currency and Cryptocurrency. https://keydifferences.com/difference-between-fiat-currency-and-cryptocurrency.html(Links to an external site.)

Which offers in your opinion the best benefits regarding:

  1. Fungibilityrefers to the interchangeability of each unit of a certain commodity or a good with other units of the same good.
  2. Divisibilityis a practical attribute, which proves its worth, especially in smaller day-to-day transactions
  3. Verifiabilityis a primarily security-focused attribute, which helps prevent theft and forgery
  4. Censorship resistance. The idea that no entity can seize wealth that is stored or block transactions.

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