Welsh mining towns had alternative currencies 200 years ago – here’s what the crypto world could learn from them
Research output: Contribution to specialist publication › Article
Electronic versions
Links
- https://theconversation.com/welsh-mining-towns-had-alternative-currencies-200-years-ago-heres-what-the-crypto-world-could-learn-from-them-205511
Final published version
Licence: CC BY-ND Show licence
While cryptocurrencies get a lot of attention today, in some ways they are not a revolutionary concept. Hundreds of years ago, workers in Wales were often paid with alternative currencies instead of money. These currencies were physical tokens that represented and were linked to the value of real money. Many cryptocurrencies work in a similar way, acting as digital tokens that represent a ledger of financial assets (this is known as “tokenisation”).
Keywords
- Currency, Cryptocurrency
| Translated title of the contribution | Dyma beth allai'r byd crypto ei ddysgu o'r arian cyfredol oedd yn cael ei dalu i weithwyr yng Nghymru ganrifoedd yn ôl |
|---|---|
| Original language | English |
| Journal | The Conversation |
| Publication status | Published - 27 Jun 2023 |