A Brief History from Trading Commodities to Trade Digital Coins
Money has played a huge role in human history for more than 5,000 years. Even before that historians agree that there was a barter system used. The barter system has moved from exchanging animal skin, weapons, and salt to minting metal coins to imprinting paper banknotes, and today the shift is massive towards electronic payments and virtual currency.
The history of currency is still being inscribed. The ancient forms of transactions have been designated – for example, there is still margin bartering in some markets like B2B and a few consumer services. As long as, people need an exchange medium the money system will certainly evolve.
The great recession of 2008 was responsible for the launch of Bitcoin, a digital currency. It was designed to address centralized money con...