Home / Cryptocurrency Glossary

Fiat

Paper money issued by governments as default currency. The US Dollar, Japenese Yen, Chinese Yuan, and Euro are all fiat currencies.

More Definitions

Free Society

A hypothetical society in which no one is forced to do anything against their wishes and all actions are voluntary.

FOMO

Fear of Missing Out. Investors with FOMO buy cryptocurrency (emotionally rather than logically) for fear of missing out on profits.