Tag: Glossary

(Secure Asset Fund for Users) This ensures that an emergency fund is held to safeguard all funds that have been deposited. In the case of a hack or other event resulting in the destruction of user properties, this money will be used to reimburse investors. SAFU has become a security standard that aims to balance the volatility and exposure that the cryptocurrency world has to the risk of losing assets. Various cryptocurrency...

Fiat currency is “legal tender” that is guaranteed by the federal government and has its own financial structure, such as fractional reserve banking. It may be in the form of hard cash or electronic representations, such as bank credit. It serves as a means of trade, a store of value, and a unit of account as a government-regulated instrument. Money must be robust, compact, divisible, uniform, permissible, and small in quantity in order to...