DeFi

Understanding our terminology

Essentials
September 8, 2021

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.