Introduction to The Evolution of Money

Last week we released a piece titled the origins of money, in it, we covered how the money a society uses starts its evolution as a collectible item, generally chosen due to its peculiarities and perceived rarity. Through extensive research, we discovered that throughout history there have been countless forms of money. The interesting conclusion we arrived at though was many of them fail early in their evolution due to large changes in their supply. The assumption that they are rare is often misplaced.

However, with time, some forms of money emerge where the assumption around their relative scarcity holds…

Money or the use thereof predates all documented human history. It was one of the earliest and most significant inventions we as humans created. It can also be argued that money was one of our first methods of communication, researchers have never found a civilisation where language or writing predates their money. Money, however, has changed over the course of human history and has assumed many different shapes and forms across the globe. No matter what format though, humans have long used money as a means of exchange, a store of wealth and a unit of account.

When humans lived…

The internet as we know it has changed significantly since it was first created. ARPANET, the first workable prototype of the internet sent a message from a computer to another computer on October 29, 1969. The message was LOGIN, something that would be easy to send from our computers or phones nowadays, however, this simple message crashed the network and only the first two letters were received. They may not have known it at the time, but their invention would allow humans to share information and collaborate on a scale never previously possible.

What is Web 3.0?

To understand Web…

Oracles are third-party services that feed smart contracts with external information. They serve as the bridge between a blockchain and any outside information. Oracles will play a crucial part in the general success and adoption of blockchain as the industry matures and develops going forward. But what are oracles? Where do they come from? Why are they crucial for success? What is the oracle problem? And who is currently winning the race when it comes to being adopted as the standard?

What Are Oracles?

According to the Britannica an oracle is defined as:

Oracle, (Latin oraculum from orare, “to pray,”…

A contract is an enforceable agreement between parties. It is a way for us to manufacture enough trust when entering into any engagement, that the agreement made, will be kept. Contracts help us coordinate our activity. They lay down the rules of engagement and the conditions of the outcome. They enable trust between citizens. Without them, we wouldn’t have been able to coordinate our efforts toward common goals. It would require too much faith in one another as opposed to trust.

Faith in an agreement is the complete confidence, without proof, that something will happen. Contracts replace the need to…

Market Recap

Overview of core fundamental data. Sources: Glassnodes and Coinmetrics

*for a description of each metric above click here.

The Dollar Wrecking Ball

Market Recap:

Overview of core fundamental data. Sources: Glassnodes and Coinmetrics

*for a description of each metric above click here.

“They're coming, they're coming!”

For many years now proponents of crypto have long awaited the entry of major institutions. Institutions have been hesitant in getting involved with bitcoin citing volatility concerns, misunderstood technology, and an unknown creator as reasons for sitting on the side-lines.

However, COVID-19 has greatly accelerated the need for businesses to investigate and attempt to understand bitcoin. Central banks around the world went on a stimulus spree in order to offset the hole created by worldwide lockdowns. …

Every cryptoasset network can be judged on different measures or metrics of success. This varies depending on its use case, market fit, and general overall goals of the network. At Etherbridge we use the following metrics to determine the general health of both the Bitcoin and Ethereum network on a week-to-week basis. They are also used to understand the adoption and growth of the network, something that is extremely important to the longevity of new technologies. …

Money is not a static concept but rather an actively changing social construct. Technology, combined with the formation of a global community, has brought us to a point where we are offered the chance to reassess our perception of money. The current fiat regime is a topic that has been explored by some of the most unyielding financial experts the school of economics has recently produced.

“It’s remarkable what’s happened in the last 10 years. I’ve been wrong in thinking that you could really have the developments you’ve had without inflation taking hold.”

- Warren Buffet.

As a unit of…


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