A handful of today’s readers may be super-advanced Crypto intelligentsia, but for the majority this is not the case. For those striving to understand digital currency, cryptocurrency, blockchain, spending cryptocurrency… and the differences in the meaning of these terms, you have reached the “next level in the crypto journey”.
Although, the present of crypto and blockchain is far ahead of simply understanding these terms. In the interest of advancing knowledge closer to the present, let’s look at a couple of these concepts and the greater crypto and blockchain environment.
At most basic, digital currency refers to any currency that exists online, whereas cryptocurrency refers to currency held as a record on a blockchain database. The distinction is important because it can have significant tax implications.*
