CBDC: Government Centralized Money

Trading is a primordial human activity. Since time immemorial, our ancestors exchanged goods, even in nomadic societies, between hunter-gatherer tribes, and then to a greater extent, when a sedentary lifestyle was necessary for agriculture and livestock.

The economy develops based on trade, and for this money is necessary.

Let’s look at the definition of money. Money is any asset or good, generally accepted as a means of payment by economic agents for their exchanges, and which also fulfills the functions of being a unit of account and a store of value.

The money became a means of exchange after replacing the barter of goods. It began being represented by stones, seashells, salt, silver, gold, or another type of commodity that was accepted by the majority as representative of value. Then the minting of coins was a technological advance for money. Later, paper money as a title of credit was another advance. Currently the issuance of digital or electronic money is the most widely used modern use in the world.

Continue reading for free on AdaPulse : CBDC: Government Centralized Money

--

--

--

Researcher — ϚʁyptøWriter — Content Creator | Twitter @liberlion17 website: liberlion.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Entering A Global and Decentralized World: Why You Need to Both Localize and Internationalize NOW!

Irrational Exuberance: How The Stock Market Isn’t Letting You Retire.

bridge21 US Dollar to MX Peso weekly rate update

Quantitative infinity

Freak out in a Moonage Daydream

Neymar and State Money: How Sovereign Investment enters Global Capitalism

Overdue and Healthy Correction

Why Acquiring Tangibles May Be Better Than Experiences

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Li₿εʁLiøη

Li₿εʁLiøη

Researcher — ϚʁyptøWriter — Content Creator | Twitter @liberlion17 website: liberlion.com

More from Medium

Cardano’s ADA Token Becomes The Third-Largest Cryptocurrency Globally(Aug 27, 2021

Understanding Different Type of Attacks on Blockchain Consensus

WHY WE ARE BUILDING ON CARDANO BLOCKCHAIN

Wallfair — Crypto Casino 2.0