Introduction
Special greetings to all my hive friends or bloggers,it been so long ever I made post, thus most of my post are content that I wrote or left in my diary before, which then i copy to post in hive blog.But today I will write on the little I have discovered about currencies and the over time changes all over the world.
currency
From the sound of the word currency,one may say its an active word such that it something that can cause weak to be strong & dead to raise or live however I will definitely say or define currency as a medium by which goods and services are ascertained nonetheless currency is defined as an object that is generally accepted which is been used to obtain goods and ascertain services all over the world,it could be in any form,size and shape.
I may say currency could be the plural form of money because its more of a compound word. Hence having made series of research I found out that all over the word there are so many types of money such are naira,palms,dollars,euro,Dutch,yen etc, and in all this types there more currency that are more pronounced then the other,and this currency is known allover the continent of the earth.eg the dollars United States USA.
Briefing about money
Just in, as before the earth population increased,money wasn't in existence and though other means of transaction were still on going,in that case man doesn't need to have money to obtain goods and service. This means we're not so palatable for ascertaining good business ideal but since man was still primitive,the means was still convenient however it is the trade by bater means and some others form.
Services are rendered as a result of the amount of offsprings own by a particular man of family and goods are gotten due to relationships state between different persons or family member however as times progresses and hence there's increase in population,conflict erupt between taritary and the means of purchasing services and goods wasn't too enough to power up once want,man began to device a means to minimise it social instabilities I.e to put it under certain regulations.
The trade by bater means
This was the traditional trading pattern our father adopted,which is the system of acquiring good and services such trade systems might some how be on one way or the other but not any more acceptable generally. This trade mean Is as fellow,to obtain a desire object,food,goods and services you must ensure to have a particular substance of another person want and the other persons should have a particular thing you also want thus this goods are been exchanged.
This process when checked were not fit to satisfy our desired need yet it was still ongoing but has helped to minimise conflict and stealing,however the need to still retain your goods and yet still purchase others kept on arising, man had no option than to adopt the system of calving Stone and making use of beeds to be used as money to obtain goods,after all,this system was now merge with the trade by bater system just to cause effectiveness in business transactions.
The market world grew so hard and vers such that this means wasn't to enough any more,the need to improve money now becomes a priority,hence the kobo and coin was introduced it lasted for years before the naira, dollars euro etc came up. However the coin system is still in use but not too generally.
The current migration status of currency
Due to higher level of technology and growth in the online network system several ideas are unveiling bit by bit,thus man has been force into abiding by the process changes. Furthermore this ideas grow to the point that man sort for a way to advantage money for benefits into the Internet world thus the idea of creating online currency emanated.
Initially online currency was an assault to everyone when it was first lunch and after several lunch it encountered several challenges which lead to the loose of funds of so many wealthy investment and investors when this had happened people had to disassociate from making further investments on it.
After several years the online currency stood the test of time by overcoming it series of Challenges. However due to it strengths the mind of man has been turn back to it again,investments and investors are been occurred in the crypto world,I.e people are beginning to invest their money into the crypto business thus this has help to the boosting of the network connection system and increasing value of this currencies.
Bitcoin has has saves lots of persons from a rechared life style and has result to the growth of every other business running online,it has booted the migration of business into the Internet world. Just as the physical currency differs from each other by value in place to place so also the online currency differs in value as the level at which several investors has invested on it.
Thus outside from the higher price in currency of the natural world,the Internet world has it own price place on it currency and Bitcoin tends to be the highest of it all. Due to how vers the crypto world has become series of intensive modifications has been adopted to ensure the strengths of it security. Business owners can now employers via crypto,purchase goods and services through the same means making it very easy for transactions and also has limitless transactions distributed ledgers.
In conclusion
When all business persons fully take part in the crypto world be rest assured that frequent production of money won't be required, essentially I will say our money usage and transactions are know longer needed physical but needed through transfer of currency and crypto.