Introduction
The current world we see today is as a process of evolution that has occured overtime. Rapid transformation had increase the way humans think, challenging them to set new and competitive standard for themselves.
As far as history is concerned, the world speaks different languages, which only specific individuals could understand and flow freely with.
Along the line, a general language had to be in place, which was necessary for the exchange of goods and services. That language is money.
Money, according to leoglossary simply means "Any item or record that is accepted as payment for goods and services and repayment of debts, such as taxes". This language was so power that it could even settle or cause conflict among people.
Before the introduction of money, a system was already in place which helps in the exchange of goods. That system is the know as the barter system, or popularly known as trade by barter.
Trade by barter simply involves the exchange of goods for others goods. Along the line, it failed to become a language due to the high rate of losses.
After the trade by barter had lost its place, other forms of money started evolving, which gave humans the opportunity to have possession over them.
In our today world, the current form of money is the fiat currency, which is usually owned by a government of a state and serves as a general language for means of exchange. This currency are usually in paper form, which means they are processed in form of papers.
Every country has its own general form of language, but we've seen how other currency like the US dollar, Euro, etc , has being able to set a standard mark for other currencies. This means that this top currencies are now used as standard unit for measuring other currencies.
Where Digital Comes In...
The idea of fiat currency is also beginning to fade away, as humans now prefer to store their money on their electronic devices. This is as a result of continuous evolution.
The digital system has gradually come into the picture, as fiat currency are now turned into digital currency which helps to serve thesame purpose.
Then How Is Cryptocurrency Related ?
Cryptocurrency happens to be another form of digital currency, but it appears that it is not a fiat because it is not issued by any government.
This currency is quite different due to the increase and decrease in value it offers. Though, it is very beneficial in certain seasons which crypto experts call the bull season.
Stating the fact that crypto currency is a digital currency, that means it is part of evolution of money.
But ideally, we've observe how well this currency has gain more popularity than other digital currencies. This has proven that crypto currency is the best alternative to other digital currency and not paper currency.
My Opinion And Conclusion
Paper currency might be a thing of the past in few years due to the continuos evolution of humans and money. It's so beautiful to understand how nature has programmed the use of crypto already.
Thanks for reading through, please do well to to share your thoughts and support me by rehiving this post
You can also checkout contents from @bradleyarrow
Posted Using LeoFinance Alpha
Hi there! Tsunsica here. Crypto is working its way to the masses, it's already a form of money, and some countries fight it, some other welcome it, so we are still too early to see the results. Your content got a vote from our curation team! Thanks for sharing your content on Threads. To keep the good work, please consider adding images to illustrate your content. Here is an article with tips to creating awesome content!
What makes a post curatable on Leo?
Have you seen our new proposal? If not, please consider checking it out: Proposal to Grow the Hive Ecosystem With the Everything App and One-Click Onboarding We value your support.
Thanks for sharing
!BBH
Your Content Is Awesome so I just sent 1 $BBH(13/50)@sahidclement10! (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow.
Congratulations @sahidclement10! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 800 comments.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts: