Currency Evolution

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3 years ago

Man has evolved both in size, stature, intelligence and creativity.

In fact, all living things have evolved throughout time and will continue to. Almost every year, new species of animals are found and discovered.

As man as evolved, so as technology. And one part of technology that's evolving really fast is the Digital aspect.

Every year, new brands of mobile phones and laptops are launched, having better features for the use of man. But the part of the digital age I'd like to focus on is currency.

Before even paper money was formed, man made use of "trade by batter" to exchange goods and services. There was no money or any form of currency that could be used.

Then in Africa, cowries were being used later as money. It was a good development but not as effective as they wanted as cowries were not so easy to produce.

Only the rich had cowries. The poor and middle class made use of sheep, fowls and goats as exchange.

Then coins came in!! Nice looking coins, made with metal. It was almost perfect. Coins lasted a little bit long. For centuries coins were being used. Later, paper money was introduced!!.

It was easier to have paper money and store it. Up till today, paper money is still used, so it's very effective.

In the year 2009, Bitcoin came out!!!

Bitcoin is a crypto currency that can only be used virtually. There are are crypto currencies like ethereum, tron, etc...

Everyone laughed and thought, "this wouldn't last", " who would invest in this", "this is a sham"..

One bitcoin was sold for about $10. The smart ones invested in it. Eleven years down the line and bitcoin is still standing. One bitcoin is now worth over $22,000!!!

That's a whole lot of gain if you invested in bitcoin earlier. Bitcoin enabled machines are now filling everywhere and a lot of people, both the rich and the poor, now store their money in bitcoin.

It'll be unwise for any person not to have a wallet address with any crypto currency. Move with the trend! Don't be stagnant! The world is evolving!

Evolve with the world!!

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