XPAY KNOWLEDGE
Industry WIKI
Digital assets and currencies
Understand assets, networks and trading mechanics with sources you can check.
Fiat currencies
Modern drachma
The drachma (Greek: δραχμή [ðraxˈmi]) was the official currency of modern Greece from 1832 until its adoption of the euro in 2002.
Fiat currenciesMoney burning
Money burning or burning money is the purposeful act of destroying money. In the prototypical example, banknotes are destroyed by setting them on fire. Burning money decreases the wealth of the owner without directly enriching any particular party. It also reduces the money supply and (very slightly) slows down the inflation rate.