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Glossary-Term

Fee Scale

A variable number to which set fees needs to be multiplied by, to give an adjusted fee amount to be paid for transactions. Operators of registered nodes on the network may take a regular vote on the appropriate multiplier, which we call the fee scale, for minimum transaction fees. This guarantees that while the value of the blockchain token may fluctuate, the fees to be paid for transaction remain stable against regular currency.

Glossary-Term

Fiat

A term used to describe traditional government-issued and backed currencies like dollars, euros, and yen. Not backed by physical commodities but by legal tender laws.

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Glossary-Term

Fork

Forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.

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Glossary-Term

Fungible

Fungible means that a given good is identical (a.k.a., interchangeable). In crypto, we often talk about fungible or non-fungible tokens. A fungible token is Bitcoin. One Bitcoin is and will always be one Bitcoin, just like any other Bitcoin.