TY - GEN

T1 - Welsh mining towns had alternative currencies 200 years ago – here’s what the crypto world could learn from them

AU - Jones, Edward

AU - Jones, Laurence

PY - 2023/6/27

Y1 - 2023/6/27

N2 - 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”).

AB - 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”).

KW - Currency

KW - Cryptocurrency

M3 - Article

JO - The Conversation

JF - The Conversation

ER -