HISTORY OF MONEY:
Money, itself, has no actual value; its value is symbolic because it conveys the trust that people place on it.
Money allows people to trade goods and services indirectly, communicate the price of goods, and it provides individuals with a way to store their wealth.
Before money, people used to work through barter system which involves the direct trade of goods and services.
The first region of the world to use an industrial facility to manufacture coins that could be used as currency was in Europe, in the region called Lydia (modern-day Western Turkey), in approximately 600 B.C.
The Chinese were the first to devise a system of paper money, in 770 B.C.
Now we are entering into New phase of Money evolution that is Digital or crypto currencies where you will not need Fiat money you will be able to buy/sell services goods though your crypto account which can be maintained even in your smart phone device. The transactions of digital money are executed through Blockchain.
You might have heard a lot about Block chain since Bitcoin emerged as leading Digital currency in crypto space. Generally people think it is a database , it is but different type of database where information is stored in Blocks and all blocks are linked with each other. The most use of Blockchain is as Ledger for transactions.
In Bitcoin case , Blockchain is used in decentralized way so that data can be stored on multiple computers and no single person can have control over it. The beauty of Blockchain is that, the transactions are permanently recorded and can be viewed from any where.
The BTC has made history and broke its all time high record. It is currently trading around $ 33,000 to 34,000. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in crypto Market to book huge gains in future.
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How Coinsio is a better Exchange?
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It has strong community support on all social media which is growing with every coming day, the rewards are guaranteed for participants if they submit rules of the game and their submitted work meets all standards of quality.
There are large number of campaigns to participate for bounty hunters since COINSio splits campaigns on all social Media including twitter, Facebook as well as Article writing and video making.
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Author:
Twitter: @SHAHIDALISYED7
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ETH WALLET: 0x2D733d76665414042be9B8CdAdF13F27f9D09AC0