First, is gold money? To answer this question: money is defined as anything that is generally accepted in payment of goods and services. Money can be used as a medium of exchange, a unit of account, as well as a store of value. Recorded human history indicates that gold has…

Money is a crucial commodity in any economic system. Some people even believe its money that makes the world to go round. While this claim may not be entirely true, money goes along away in making our lives easier. But have you ever wondered how money came to be? We’ve…

Conventional cryptocurrencies such as Bitcoin have had a fair share of backlash. Their major pitfalls include lack of physical backing and reliance on peer-to-peer computer transfers. Since no one can see the money, critiques have long questioned the credibility of cryptocurrencies. As a solution, the concept of asset-backed cryptocurrencies emerged. …

By Cezex.io on Altcoin Academy — It’s no secret that cryptocurrencies are now a worldwide phenomenon, and perhaps you already know a thing or two about them. However, asset-backed cryptocurrency is a new concept that most crypto enthusiasts are yet to understand.