GDP, or gross domestic product, refers to the total market value of all the final goods and services produced within a given period. Learn more about GDP, how it’s measured, and what it means for the economy at large.
The term fiat money, or fiat currency, refers to paper money that’s backed by the local government. Nearly every country has some form of fiat currency.
Most of us associate inflation with rising prices, but it also signifies a loss in purchasing power for a particular currency, such as the dollar or euro.
In the case of blockchains, interoperability refers to a blockchain’s ability to freely exchange information with other blockchains. Every asset that is held and every transaction that is made are recorded on a specific blockchain.
Stacks is a layer-1 blockchain that allows for the execution of smart contracts. Stacks is associated with the Bitcoin ecosystem because it aims to enhance Bitcoin’s capabilities by building on top of it.
In November 2021, a decisive moment many Bitcoiners have eagerly anticipated had finally come: Block 709,632 was mined and the Bitcoin Taproot upgrade went live.