Where does money come from?

When Bitcoin is written and talked about, previous attempts to create digital currencies that made Bitcoin possible are often overlooked. Attempts to create digital currencies had been undertaken numerous times since the late 1980s that pioneered some of the underlying…

You probably hear the word Bitcoin and cryptocurrency interchanged regularly from a number of sources across the news and media. Do they mean the same thing? If not, what’s the difference? Well, let’s start by breaking the word down.  Cryptocurrency…

Scarcity is a term in economics that refers to something that is finite or limited.

Money continues to hold value as everyone knows that it will be accepted as a form of payment. However, throughout history, both the usage and the form of money have evolved, with some forms becoming more successful than others and…

In the same way we use Fahrenheit or Celsius to measure temperature, anything of value from the price of your house to the total value of the economy is measured using a unit of account. Today, fiat currency is the…

One of the key functions of money, a medium of exchange, simplifies the process of trading by allowing value to be transferred or exchanged between a buyer and seller because it is widely accepted as an appropriate payment. Before this…

What is a store of value? What do you value? From pebbles we picked up on the beach when we were five to a lucky hat or treasured heirloom, value can vary from person to person. In finance, a store…

Money has evolved over the millennia – from natural objects to coins to paper to digital versions. But whatever the format, human beings have long used currency (a system of money) as a store of value, a unit of account…

Money is something we use everyday to buy groceries or as a means of getting from A to B, but when was the last time you stopped and thought about what it actually is. Put simply, money serves three key…

Why did Bitcoin make when many other projects before it didn’t?