Cryptocurrencies vs. paper money — these are the differences

Photo by Dmitry Demidko on Unsplash

Whether it’s the euro, the U.S. dollar, or the Swiss franc, all major paper currencies have lost massive value against the top 5 cryptocurrencies over the past 12 months.

But what is the cause of this development? To answer this question, one must first understand how the current banking system works and where the differences between paper money and…