25 December 2018 — 23 min read
Blockchain, cryptocurrencies and ICO – learn the basics
The use of gold as money began thousands of years ago – as gold was the most resistant to aging and elements. During the early and high Middle Ages, Byzantine gold Solidus was the de-facto standard through the Europe and Mediterranean. As the Byzantine empire declined, its importance diminished together with the supply of gold, and European territories adopted silver to expand the money supply and extend their economies.