Cryptocurrency 101
Originally from Broadridge Content. Read the original article on the publisher’s site.
In earlier times of human history, financial exchanges were accomplished through barter ("hey, Joe, I'll give you one of my chickens for that really cool flint spearhead you made"). But barter doesn't scale well, and as communities expanded, money developed as a necessary medium of exchange. Minted coins and eventually printed currency allowed individuals to transact business more easily. Recent years have seen a shift from physical to digital possession of money — most of us don't keep our savings in vaults in our home; instead our money is represented in digital form, in accounts at financial institutions.
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