FED

« Back to Glossary Index

The FED is the colloquial form of Federal Reserve System and it represents the central bank of the United States. Therefore, it is equivalent to the European Central Bank (ECB) in the European Union. Its primary role is to determine and implement the country’s monetary policy to get a long-term inflation around 2%.

« Back to Glossary Index

Related articles

Staking

Staking is the process of maintaining the cryptocurrencies blocked into the blockchain to obtain rewards. In networks under the PoS protocol, nodes need to stake to validate new transactions, and for that they are rewarded. This process is similar to Holding, but through Staking, the cryptocurrencies are not tradable.

Learn More

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.

Learn More

Fork

A fork is the process by which a blockchain network incorporates a new version of its protocol. This update is typically done to either fix existing issues or to introduce new functionalities to the network. The concept of forking is not exclusive to blockchain networks. However, it has become much popular in the context of […]

Learn More