(blockchain jargon, terms and definitions)
Fiat refers to a nationally adopted currency that has the backing of the government. For example, the US Dollar and Euro are examples of fiat currencies. Fiat currencies are generally favorable due to their traditional applications and legal status.
Fork in the world of blockchain refers to the process of creating a unique network by using the same consensus mechanism or protocols as the previously existing network. Forks could contain the state of the original network or instantiate their own state. You can find two categories of forks such as hard fork and soft fork. The hard fork features permanent incompatibility with the existing network. The soft fork features compatibility with the data on the original chain. READ MORE"
Fintech word is a combination of two terms finance and technology. The combined term Fintech refers to a business that involves the use of technology for the automation or enhancement of financial services and processes.