Bitcoin is establishing itself as digital gold | EUROtoday

In England on the University of Cambridge, college students of pc science had been capable of take a course within the Michaelmas time period that simply ended, the subject of which was digital cash, i.e. cryptocurrencies saved decentrally within the blockchain. In the primary two weeks of the eight-week course, the instructing professors – not economists, thoughts you, however pc scientists – take care of the essential properties of cash. You begin with the “Gold Standard” financial system, which existed for hundred years in Great Britain and round sixty years within the German Empire, with interruptions till the Thirties. Until the worldwide financial disaster on the finish of the Nineteen Twenties, it ensured that kilos, (Reich) marks and different currencies such because the greenback might be exchanged for gold at a hard and fast price at any time.