It’s a new world out there. Here is some common terminology to help you understand the digital asset space:
Digital asset
Any asset that is stored digitally. All cryptocurrencies are considered digital assets.
Fiat
Government issued currency such as AUD or USD.
Stablecoin
A type of digital asset which aims to track fiat.
Inflation
The process of goods and services becoming more expensive due to increased currency in circulation.
Blockchain
A system where transactions of a cryptocurrency are recorded and verified using a network of computers.
