The history of money: from barter to bitcoin

At the dawn of human beings, the Internet 's Internet replaces money to buy goods. Early people began breeding livestock, and one of the earliest form of barter trading involved cattle, sheep and vegetables and cereals.

The first known currency was created by King Alyattes of Lydia and now became part of Turkey in 600 BC. The first coin carved so far features roaring lion

The following infograph shows the immediate iPhone payment and bit coin from Apple to these early routes - this is the world's first decentralized cryptographic currency -

While Barclaycard is experimenting with a contactless payment wristband, wearable technology will destroy the world of currencies again

In order to understand if the bit coin is really new, we must understand what the money is. Let's introduce the fundamental history of money or the history of commercial trade and see how the currency solves many problems. This will be an extreme integration. It takes only 10 minutes to complete a 5000 year trip! Let's exchange barter from the beginning. In ancient times, the first type of exchange was barter. I have what you need, you have what I need. Coincidentally with the matching needs we agree to exchange and vo ... it sounds easy, but it is hard to find what I really need and what they need. Then there was a problem of "giving change". How much credit does it have if I have an extra item, or my commodity value leads to some remaining credit line? What is the value of sheep? 2 birds? The accounting involved is a nightmare. Then the fact that debt is not paid all the time

Barter (bahr't; lr) n. , Vb. Barter is for goods, not for money. Barter is also a term for this process. In the original culture, barter trading is a general means of trading without the concept of money. According to the invention of the currency, barter trading decreased, but still existed during the economic recession. The word barter is used in metaphor to mean to sell your innate right stupidly due to things, especially in barter trading. The legend about a simple soul that comes out of the house and sells cattle in the market

Encryption - bit coins, light coins, peer coins, ripples - are increasingly becoming more practical as payment methods. Mankind starts with barter, then uses gold and silver (usually barter), then turns into banknotes and eventually becomes electronic money. This is the standard of today. The entire mainstream currency arrangements around the world are managed by a few central banks. In the United States, this is represented by the Federal Reserve Board. The central bank not only created funds, but also coordinated the flow of funds. They can increase distribution funds or draw funds from the system