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FIAT OR FIDUCIARY MONEY IS A CURRENCY ISSUED BY THE GOVERNMENT. THE VALUE OF FIAT MONEY IS DETERMINED BY THE RELATIONSHIP BETWEEN SUPPLY AND DEMAND AND THE STABILITY OF THE ISSUING GOVERNMENT, NOT BY THE VALUE OF THE COMMODITIES THAT BACK IT.
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Bitcoin is a digital asset that takes advantage of a peer-to-peer network to facilitate the transfer of value without bank or central authority intermediation.
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A cryptocurrency is a digital medium of exchange that uses strong cryptography to secure transactions, control the creation of additional units, and verify the transfer of assets using distributed ledger technologies.
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A token is a unit of value that an organization creates to govern its business model and give more power to its users to interact with its products, while facilitating the distribution and sharing of benefits among all its shareholders.
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A blockchain is a distributed database, an integrated collection of databases that is physically spread across different locations. It is also a public ledger that stores information digitally and is maintained by a network of computers or nodes.
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There are those who claim that cryptocurrency assets could be in demand in an environment of high rates and high inflation since they would serve as a store of value.
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