The main difference between them is, the traditional currency is a centralized system and bitcoins are decentralized one and peer-peer systems. ... Both the bitcoins and fiat currency have values which can be used for buying and selling of goods in the market .
As Bitcoin goes through another day of crazy price fluctuations and huge publicity, this time courtesy of the U.S. Senate, I recommend two readings for those interested in putting the Bitcoin phenomenon in historical context.
