To start with, money is good and helps to ease our living. To accumulate money, I believe it is extremely important to understand the concept of money, where and how it started, most people just grow up and start making money. To be very successful, I believe it is mandatory to deep dig into what money is and that is why I have decided to take you in to the history and evolution of money. There has been a previous medium of exchange before a little thing went wrong and now brought us to the era of the concept called Blockchain/Bitcoin.

I will be taking you through the topic Cryptocurrency and Blockchain Majorly, but we will also be learning about related concepts.

What is Barter System?

A barter system is an old method of exchange. This system has been used for centuries and long before money was invented. People exchanged services and goods for other services in return. Today, bartering has made a comeback using techniques that are more sophisticated to aid in trading; for instance, the internet. In ancient times, this system involved people in the same area, however today bartering is global. The value of bartering items can be negotiated with the other party. Bartering doesn’t involve money which is one of the advantages. You can buy items by exchanging an item you have but no longer want or need. Generally, trading in this manner is done through online auctions and swap markets.