Pegged Currency

A currency whose value is intended to be constant in relation to a certain asset. For instance, 1 USDT is equivalent to 1 USD. Likewise known as a stablecoin.

Fiat

Fiat money, often known as fiat currency, is money that a government has recognized as legal tender and that it supports.

Absolute Advantage

An economic theory in which one party produces or provides a particular good or service more efficiently than another party.

Ransomware

Ransomware is a type of malware (malicious software) that has the final goal of convincing victims to pay for a decryption ransom in order to recover their compromised files or system. The payments are normally asked in digital currencies that are difficult to be traced, such as Bitcoin, Monero, or any other cryptocurrency.