XcelToken Plus the Future of Digital Currencies.


Our history book provides us with very little knowledge about how our economy came to be. This post aims to give an overview of how the currencies that we know of today, have evolved and go in detail on digital currencies- the present talk of the town.
After a long period of time, historians, say that societies discovered that they found it safer and easier to exchange goods with goods- the barter system, instead of going into war with each other, frequently traded, between individuals or societies, for other goods were domestic animals like cattle and goats. With the development of farming in the 8th millennium grains were added to the list of exchangeable goods.

It is, only after the trade around the extraction of rich metals that the commodity currencies came to be used, the kingdom of Lidia on the western cost of Turkey is said to have crafted coins that were a mixture of gold and silver- “Electrum”. They were standard in weight; ranging from 0.15 grams to about 14 grams, in irregular shapes and sizes. Aside from Lydia, Greece and a few kingdoms and individuals from China that used coins for trade. The innovation of paper currencies, scholars say, can be credited to the Chinese, as they found it to be lighter auxiliary for coins. The momentum of paper currencies took its time to reach Europe. By 1661 banking institutions had been formed and the government of Sweden issued its own state sponsored banknotes. Further to which the Bank of England was formed. From then on various different world currencies came to use and various laws and policies were created to keep counterfeit and various frauds from taking place.

Subsequently, Paper currencies were normalised and newer technologies have come into play to make transactions easier, digital currencies and E-wallets like PayPal and others are some innovations that are playing a major part in reducing paper currencies in the 2010s. The initial idea for digital cash, even though a failure, in a way paved the path for the Cryptocurrencies to come into existence, people have taken a keen interest in its growth and market, with multiple use cases for them, making it the best time to invest and use cryptocurrency, through your digital cryptocurrency wallet. The blockchain technology that cryptocurrencies are formed in make transaction and trading much safer than that conducted through a bank. Just Like Bitcoin XcelToken Plus is a rising star in the realm of digital currencies.

XcelToken Plus is an ERC20 token on the Ethereum Blockchain Platform that is fashioned to build, involve and foster a large crypto-community within the hospitality, retail and gaming sectors. XcelLab is delighted to announce that XcelToken Plus will now be available for trading on 14 perfect cryptocurrency trading platforms. Shift over to digital currencies and capitalize on the growing market.

Comments

Post a Comment

Popular posts from this blog

Understanding Liquidity

Image
The concept of  liquidity   has many facades to it. One way to define liquidity is “the ability of an asset to be converted into cash readily on demand”. An additional way of viewing at it is when any asset can be bought or sold at its fair price. Liquidity thus means that there aren’t discounts or bonuses devoted to it during buy or sell and it’s easy to enter and exit the asset. It is believed as more of an item is accepted and sold, the chances of charging premiums or giving discounts lower and such an asset usually trades around ‘what it is worth’. The forex market is often defined as a liquid market with an average turnover of more than $5 trillion daily as of April 2016 according to the Bank for International Settlements (BIS) while real estate is a classic example of an illiquid asset. Property as an asset is less liquid, requiring huge investments into physical form, monotonous procedures and smaller market.  Liquidity is significant for any tradable  asset , wh
Read more

5 Places to Visit in Reykjavík

Image
The capital of Iceland is a young, culturally happening city, as well as a launch pad for natural wonders that people dream of seeing their whole lives. Like any cool spot Reykjavík is also constantly reinventing itself, as you can see at the Grandi Area by the Old Harbour. Here fish packing factories have been turned into sharply designed visitor attractions, while creative murals coat the walls and cutting-edge Nordic restaurants have opened. The waterfront was chosen for the cultural venue, Harpa, a monument for 21st-century Reykjavík with a mesmerising facade by Ólafur Elíasson. You could stay in Reykjavík’s cosy embrace or stride out to visit the volcanic marvels in the Golden Circle and see whales in the Faxa Bay in summer. Hallgrímskirkja: Both a parish church and Iceland’s national sanctuary, Hallgrímskirkja is an ever-present feature of Reykjavík’s skyline. Conceived in the early-1940s by Guðjón Samúelsson, the church was 41 years in the making and was finally con
Read more

Weekly News Overview: Cryptocurrency

Image
Email Extortion Scam Targets Googles AdSense A new extortion scam targeting website owners serving banner ads through Google’s AdSense program has begun circulating the Internet. The malevolent scheme demands Bitcoin (BTC) in exchange for preventing an attack, which would purportedly lead to the users’ AdSense account suspension. The email-based extortion scheme was reported by security news and investigation blog KrebsOnSecurity, on Feb. 17. The blog post detailed that some site owners received a message as their site had been spotted by the malicious program as one seeking revenue from publishing an ad. Coinbase Pitches Crypto As A Solution For Racial Discrimination To mark Black History Month, Coinbase has launched an advertising campaign with the pitch that cryptocurrencies can help tackle racial injustice in the financial sector. As part of the campaign, the exchange published a blog post on Feb. 13 with the results of a survey it conducted in
Read more