'Why The Real Definition of Money Explains the Rise of Cardano' cardano historyofmoney
This commodity was ultimately a symbol of the king's sovereignty. But since it was the required payment for taxes, it was also a standard, more efficient measurement of debt. After many iterations, kings landed on
History shows that when leaders break this trust, things get messy. Governments and their currencies crumble, humans build a new center of power with a new currency, and the cycle continues. But it doesn't repeat exactly. The general trend is a move toward government innovations that further decentralize power centers.
The Cardano community’s commitment to what can really be summed up as, humanitarian values, positions it to be the currency of the people. And when you put it in the context of history, it seems as inevitable as the innovation of the internet. As its founder most famously said, theGiven this revised story of money, it is clear that at the core of every tribe, community, and country, there is this rudimentary understanding that we need to work together to flourish.
But instead of proving this using costly computing power, they do it by showing proof of financial stake in the ownership of Cardano Ada. Cardano's proof of stake not only solves the problem of energy consumption and increasingly centralized cryptocurrency mining industries, but also provides a fundamental layer of demand for the Ada currency.