[#Article]
The Ecology of Celo Coins
A stablecoin is a crypto asset that has price stability in the short and medium-term, enabling it to be used as a store of value and a reliable medium of exchange. Prime characteristics of a stablecoin that has global acceptance is one that is free of the fiat-monetary system, and digital in its nature, including within it privacy, price stability, scalability, and decentralization. To serve the unbanked population, this currency needs the additional characteristics of simplicity of use, freedom from data constraints, and flexibility for the demographic it serves.
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#Money #Cryptoasset #Stablecoins #Celo #CeloGo
The Ecology of Celo Coins
A stablecoin is a crypto asset that has price stability in the short and medium-term, enabling it to be used as a store of value and a reliable medium of exchange. Prime characteristics of a stablecoin that has global acceptance is one that is free of the fiat-monetary system, and digital in its nature, including within it privacy, price stability, scalability, and decentralization. To serve the unbanked population, this currency needs the additional characteristics of simplicity of use, freedom from data constraints, and flexibility for the demographic it serves.
Source
#Money #Cryptoasset #Stablecoins #Celo #CeloGo
[#Article]
Celo and the Promise of Beautiful Money
Before the advent of money, trade was dependent on a very delicate system of exchange based on mutual benefit that was barely replicable — barter. It is generally accepted that livestock and plants were used as forms of money between 9000 and 6000 BC. Being the period of the Agrarian revolution, agricultural products had the greatest utility, and therefore the greatest value. Later, in Asia and Africa, cowry shells gained prominence as money due to their scarcity and fairly homogenous nature. It was not until the Bronze Age that metals gained prominence as money. Metals such as gold, silver, and bronze gained popularity for their durability, divisibility, and portability in comparison to agricultural commodities which posed the challenge of possessing exactly the opposite traits, being perishable, not easily divisible, and bulky.
Source
#Celo #Blockchain #Trade #Stablecoin #Money #CeloGo
Celo and the Promise of Beautiful Money
Before the advent of money, trade was dependent on a very delicate system of exchange based on mutual benefit that was barely replicable — barter. It is generally accepted that livestock and plants were used as forms of money between 9000 and 6000 BC. Being the period of the Agrarian revolution, agricultural products had the greatest utility, and therefore the greatest value. Later, in Asia and Africa, cowry shells gained prominence as money due to their scarcity and fairly homogenous nature. It was not until the Bronze Age that metals gained prominence as money. Metals such as gold, silver, and bronze gained popularity for their durability, divisibility, and portability in comparison to agricultural commodities which posed the challenge of possessing exactly the opposite traits, being perishable, not easily divisible, and bulky.
Source
#Celo #Blockchain #Trade #Stablecoin #Money #CeloGo