Here are the 3 main types of currencies you should know:
1. Fiat Currency
đ” Government-issued, not backed by a physical commodity like gold.
Examples: USD, EUR, PKR
Controlled by central banks
Value based on trust and economic stability
2. Cryptocurrency
đȘ Digital, decentralized currency built on blockchain technology.
Examples: Bitcoin (BTC), Ethereum (ETH), Solana (SOL)
Not issued by any government
Offers transparency, security, and limited supply
3. Commodity Currency
đ Backed by or tied to a physical asset.
Examples: Gold-backed tokens (like Tetherâs XAUt), historical gold/silver-based currencies
Value comes from the underlying commodity
Used as a hedge against inflation and currency devaluation
