The difference between Digital currencies and cryptocurrencies

[Crypto123 0]

58 minutes ago, highmi said:

Digital economic requirements are like fiat economic paperwork. They are centralized and controlled by 1/3 party. The equal guidelines and directions that control notes will furthermore apply to advanced monetary forms. Computerized financial bureaucracy have been created to fathom the problems of sending and being profitable around the arena and to lower prices and prices. PayPal and Visa/Master Card are the most popular advanced monetary standards.

Good. It seems that you are well acquainted with these matters. Yes, digital currencies are similar to these financial or electronic financial services that existed before. They are similar to the currencies of the fiats issued by banks in terms of being central and can be controlled by the government or some other entity.

[Lunaa 238]

Digital currency is like your digital money, it's backed up by government because it's a fiat money in a digital form. But a cryptocurrency is a crypto currency based on blockchain technology. The different would be digital currency is also supported by Banks, whiles crypto is not, and have been through a lot of banning attempts

[Ceaser 2]

in attendance enjoy dissimilarity between digital currency and cryptocurrency though the cryptocurrency plus is a digital currency but digital currency is s absolute of the entire online currency such as fiat currency and cryptocurrency.

 

[Muskan7816 175]

Crypto currency is decentralized because digital currency is controlled by the central government and government or companies. Free for everyone. The difference is more stable than the first

[fatima123 320]

Digital currency means e form of fiat currencies such as we used credits cards and crypto currencies means virtual currencies and there is no regulatory body of this market  .

[skbo 16]

Digital currencies are folks currency open in the internet or on the crest itself with regards whether it is fiat or cryptocurrency. Cryptocurrency was a method of encryption of facts to deposit and safe and sound it.
 

[Crypto123 0]

9 hours ago, tripe said:

 

This was very informative Thank you! but i have a question. My question is that digital currency is in digital form and bitcoin is in what form? and the digital and crypto currency can be used for the same thing or not ? if yes then how ?

This is a really good question. You must remember that both Digitalcurrencies and cryptocurrencies are money at the end, and therefore each of them can be used in financial transactions, but the difference is in the way it works and in the acceptance of governments and others from these currencies. Most governments do not accept dealing with cryptocurrencies yet.

[kamalnewaz 150]

In my view, crypto currency is also one types of digital currency, as i think both have not any huge difference. Cryptocurrency and digital currency may have some different, both have involved many people.                

[Crypto123 0]

2 minutes ago, chadex said:

I don't see much differencebetween the two because they're thesame performing the same function as a cryptocurrency or digital currency. It's just the name that changes but they all perform thesame function. 

Yes, in reality, digital currencies and cryptocurrencies are very similar and difficult to distinguish between them and most people think that they are the same but there is a difference, as we mentioned digital currencies are central and controllable and cryptocurrencies are decentralized and not controllable.

[Jonn 22]

 Cryptocurrencies are virtual accounting systems. They comply with a memo of completely transactions. The transactions are bundled into blocks, which are cryptographically signed although Digital currency to be had in digital form, more exactly than tangible currency such as essay change and COINS, which performs the functions of material currency, but bottle buttress the twinkling of an eye transaction and convey of ownership without geographical restrictions.
 

[Crypto123 0]

12 hours ago, thangvn00lc said:

Structure. The digital currency is centralized; There is a group of people and computers that regulate the state of transactions in the network. Cryptocurrency is decentralized, and regulations are implemented by the majority of the community.
Incognito. Digital currencies require user identification. You will need to upload a photo of yourself and some papers issued by state agencies.The process is different from cryptocurrencies, it doesn't require those. However, cryptocurrencies are not anonymous. Although the address does not contain any confidential information such as name, residential address, etc., each transaction is registered, the sender and the recipient are publicly known. So all transactions are tracked.
Transparent. Digital currencies are not transparent. You cannot select the wallet address and view all transfers. This information is confidential. Cryptocurrency is transparent. People can see any transaction of any user, since all revenue streams are placed in a public chain.
Transaction operations. Digital currencies have a central authority that addresses issues. It may cancel or freeze transactions at the request of participants, authorities or suspected fraud or money laundering. Cryptocurrency is regulated by the community. It is unlikely that users will approve the changes in Blockchain, although there are some precedents such as the DAO hack. However, the amount is significant, and the decision is not credible.
In terms of law. Most countries have some legal framework for digital currencies, i.e., Directive 2009/110 / EC in the European Union, or Article 4A of the United States Commercial Code. We cannot say the same as Cryptocurrency at this time. In most countries, it has not yet been defined. Establishment of the legal framework is underway.

Very cool, you have provided very important and interesting information about the differences between cryptocurrencies and cryptocurrencies and I think you are the first member to do so. Oh dear, these are the responses that I like to see in my subjects, so you deserve a like.

[gabriel gonzalez 60]

la diferencia entre criptomonedas y monedas digitales, es que las criptomonedas estan o tienen un respaldo, que es un respaldo, es de donde sacan el dinero de para poder sacar esa moneda como por ejemplo el yoda, y la digital no tiene ningun tipo de respaldo alguno

[PiroSense 2681]

@Crypto123 - I admire your intent to explain it, but I already have made a full-fledged topic regarding the exact same idea days before your post (@November 25, 2019)

 

https://cryptotalk.org/topic/21155-the-difference-between-digital-currency-and-cryptocurrency/

[khorshed9 0]

I think cryptocurrencies are virtual accounting systems.  They keep records of all transactions.  Transactions merge into blocks, which are cryptographically signed when presented in digital form such as paper money and CINS, which perform physical currency operations,

[Heroshema 0]

Its a new information for new people who came to Crypto talk forum.  I think we are here in crypto talk talking about Crypto currenceis right?

 

[teminalibug 309]

17 hours ago, Loisyisa said:

The essential change is that Digital currency is central and illegal by governments or institutions as Crypto currency is decentralized and free for everybody. leading one is additional fast than other one.

 

But you know crypto is not illegal in all countries right, for example in y country it is nit even regulated but it is nit illegal.

[Usman Abdulmumin 354]

I still get confused between cryptocurrencies and crypto with this topic I know I begin to understand there is a lot of differences between them thank you for this wonderful topic

[Tasrif Hossain 271]

In my opinion, I should first thank you for being one of the reasons for this, I think that you have raised such a question to everyone and I have got a correct answer which I have not known even today on this kind of websiteI want to thank you first of all

[Crypto123 0]

6 hours ago, bizkent said:

Well, digital currency is a currency that we can only used via online and you can't hold it physically because this is not like a fiat money, crypto currency is a curreny like digital currency, you cant hold it and also you can used it via online, its just like simply same but it has a comparison like crypto has a high value and digital currency is a fiat money but in online.

Your words are not completely accurate, my dear, how do you say that they can be used only on the Internet and that they cannot be hold, if you mean physica holding this is true, but you can hold or store them in the wallet for a long time and you can also convert them to fiat at any time.

[Mashiur 77]

Yes I think both are different. Cryptocurrency is internet based currency. If you invest in crypto coin then you can get a good profit 

[Sabba092 115]

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On 11/30/2019 at 2:56 AM, Lawrenzoo said:

Well, your post actually look a little bit informative, but to me, it is quite confusing because if you look at everything that is surrounding cryptocurrency, it is still done digitally, so we can still count the use of cryptocurrency for payment as digital payment because it is not done physically or manually. when people talk of cryptocurrency payment, they see it as digital payment method also, so it can still be classified as a digital payment method too.

These are same. And they are all digital.

[deepown 0]

1 minute ago, amman said:

Digital currencies are centralized, meaning that transaction within the network is regulated in a centralized location, like a bank. Cryptocurrencies are decentralized, and the regulations inside the network are governed by the majority of the community. Digital currencies are not transparent

Crypto currency could be centralized or decentralized, digital currency is a common name for all online currency.

[Cryptoba 37]

The main difference between digital currency and crypotocurrency are centralized and decentralized coin and where the digital currency have issued by government but cryptocurrency have no control of government

[Rizwanch99 22]

The difference between Digital currencies and cryptocurrencies.  There are many crypyocurrency that are centralize like Xrp,  Cryptocurrencies are decentralized, and the regulations inside the network are governed by the majority of the community. 
The main technology behind crypto is data encryption which allows for anonymity and safety of transactions. In contrast to cryptocurrency with its encryption features and blockchain technology, digital currencies are a generic term encompassing all money in the electronic form. 

[Mifu 5]

The difference is digital currency is controlled by Government but the crypto-currencies are free for everyone