The history of money cannot be discussed without explaining briefly the meaning of money.

What then is money? simply put, money is a thing of value, a store of value, a medium of exchange of economic value.

The origin of money is traced back to the early stages of human development when primitive societies relied on a barter system to exchange goods and services.

As civilization progressed with more advancement and complexities of societies, the need for a more standardized and efficient medium of exchange became apparent.

The Beginning

Barter System- the exchange of resources or services for mutual advantages.During that era castles, donkeys, etc were the most commonly traded items. Money has evolved from barter system to the use of the following below.

*Cowrie shells* Era which was the most widely longest used currency in history

*Bronze and copper which was manufactured in china at the end of the stone age era.

*Leather Money - used in china and was then said to be the first documented bank note.

*The Nose- Era- the phrase" to pay through the nose" came from Danes-in Ireland where people's noses were split for failure to pay the Danish tax.

Money kept evolving until 1816 when Gold was officially made the standard measure of value in England.

The Great Depression of 1930 caused the devaluation of Gold

The Present- today currency has continued to change and develop to paper currency and digital money.

History of Blockchain

Blockchain -A system of keeping records by everybody without any need of a central authority that might end up manipulating the records.

4 elements are needed for a blockchain to work

1. Peer to Peer network

2 Cryptography

3.Consensus algorithm - POW

4 Punishment and rewards