Bitcoin is the beggining of something great: A Currency without Government something necessary
The Age's of Currency Exchange
**COMMODITY (AGRICULTURAL AGE) - **Here's the idea of money. It's Barter's time where chickens can be replaced by sugar, a banquet of rice can be bought by goats and many others. It depends on the agreed upon. At this time it is no longer acceptable. And you'll first have to agree on what interests you and what your doubts might be.
FIAT (INDUSTRIAL AGE) -It was the time of factories, machines and large buildings. Here the bill began. The factories were multiplied and had employees. The government's tax bills have also been slashed where their payable bills are bills. Workers' salaries are also a role. This system has been used throughout the world and therefore has a bills or fiat money.
DIGITAL CURRENCY (INFORMATION AGE) - It is said that this is our future money. Where, we will no longer use bills or money to handle. All we can use is our gadgets to buy products and services.
This 21st Century is living in Information Age. The industrial age is finished but the money we use is still the time, the bills.
I will just issue the issue here (paper or digital) instead of the monetary system. The system used in Fiat currency is different today and the system used in Bitcoin.
** The Two Type of Currency:**
VIRTUAL CURRENCY -this is the kind of digital currency controlled by its developers. This can only be used with members of a virtual community. An example is Amazon Chips.
CRYPTOCURRENCY -This is the kind of digital currency that uses Cryptography. Cryptography is a secure way to pass Digital Signature through peer to peer transfer and decentralization.
Bitcoin is a type of cryptocurrency that uses the so-called Blockchain or the so-called World Wide Ledger.
Blockchain consists of computers or participants connected to each other. Because each computer is connected to each other it has only one list of transactions.
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