Almost all everyday, I come across fiat on bitcointalk forum which get wondering why people normally use that term in relation to crypto currency. I decided to do research on the word but did not get the concept well. Since the word is circulating in bitcointalk forum and my searches are not helping to understand the concept of fiat better, I am sure the forum will help me understand it better this time around. Guys, I want to know much about the concept of fiat and what fiat has got to do with crypto currency.
Fiat is used to determine the cash of a country, it was a terminology that is being widely used by common people who are in the cryptocurrency world.
