Thursday, March 22, 2018

From Barter till Cryptocurrency

The Money history is very long, since prehistoric times, humans have known about a simple trade system. Because the majority was able to get their own needs by themselves, but for some little things they have to get from others. This simple trade process was usually done by barter.

By the time, people become increased, and the needs became more diverse.
So the trade system became increasingly complex.
Because of the increasing complexity of the trade process, and the barter system became complex, Finally started the use of money.

Since the beginning, Money has been growing, the beginning is coins that made from gold, silver or bronze.
However, the coin making process is quite difficult, finally created paper money for various reasons, which mainly is the practicality and convenience.

And, for the reason of PRACTICE AND EASY, Nowadays money is increasingly diverse.
There are physical money, checks, electronic money etc.
Until in this decade found a virtual money that increasingly answered the human need for money.

This ultimate virtual money becomes very popular, it is because practicality and convenience and the most important is SECURITY because virtual money using blockchain technology which embraces the concept of decentralization which means the owner has the full power of assets and no other parties can interfere with the assets they have.

This makes virtual money increasingly in high value, although there has been a significant drop since, at end of 2017, it does not make the crypto lovers going back

Virtual money was introduced by a Japanese named Satoshi Nakamoto.It called Bitcoin.Since the first launch, which is around 2009, the Bitcoin value has increased up to 100,000 fold. This is because of the demand for bitcoin.

Money has developed in such a way, will the cryptocurrency be the end of the money development, or even become the starting point of a new era of money ??
Let's wait ...