Fiat is a term used to describe government-issued currency that is not backed by a physical commodity, such as gold or silver. It is the most common form of currency used globally and is generally accepted as a means of payment for goods and services.

Fiat currency is often subject to inflationary pressures, as central banks can create more of it at will, leading to a decrease in its purchasing power over time. This is in contrast to commodity-backed currencies, which have a fixed supply and can't be easily manipulated by monetary authorities.

Fiat currencies are commonly traded on foreign exchange markets, where their relative values are determined by supply and demand factors, as well as macroeconomic indicators such as interest rates, inflation, and political stability.

Examples of fiat currencies include the US dollar, the euro, the Japanese yen, and the British pound. Cryptocurrencies, on the other hand, are often seen as a potential alternative to fiat currencies, as they are not subject to the same inflationary pressures and are designed to operate independently of central banks and other financial intermediaries.

Also study

Price Action
Price action refers to the movement of the price of an asset, such as a cryptocurrency, on a chart over a given period of time. It is the study of the patterns, trends, and behavior of price as it relates to buying and selling decisions in the market.
Eclipse Attack
An eclipse attack is a type of attack that targets a blockchain network by isolating and surrounding a specific node or a group of nodes within the network, in order to control and manipulate their communication with the rest of the network.
Custody refers to the safekeeping and management of financial assets, including cryptocurrencies, by a third-party service provider. The provider, known as a custodian, holds the assets on behalf of its clients and is responsible for ensuring their security and proper handling.
Anti-Money Laundering (AML)
Anti-Money Laundering (AML) refers to the laws, regulations, and procedures put in place to prevent and detect the illegal practice of converting "dirty" money obtained through criminal activity into "clean" money that can be used without detection.

Welcome to the
Next Generation DEX.