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Fiat currency

Fiat currency is a type of currency which a decree from government declares as a legal tender. There are no commodities backing this type of currency. Its value comes from the trust is the correspondent financial system.

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Money laundering

The money laundering consists in hiding benefits from illegal activities so they seem to come from legal sources. It is normally related to other severe crimes such us drug traffic or extorsion. The AML regulation of each country is the legal frame to control this kind of activities.

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Payment channels

The payment channels are the system used to register transactions between two users of a blockchain without overloading the network. These transactions are bilateral and, when they have finished, the channel is closed and its final state is sent to the blockchain. Therefore, this system allow a much better scalability for the network. One of […]

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