The interesting thing about cryptocurrencies is the fact that they combine technology with real assets that have value in the real world. For the first time in history, we are able to create digital money that runs completely on its own. Historically speaking, money was always backed by a centralized government where they controlled the supply and demand. They were the only ones capable of printing money in order to control inflation.
Blockchain economics
Understanding inflation
In simple terms, inflation is the increase in price that all assets in the economy suffer. For instance, a house in 1890 would normally cost about $10,000 dollars, but the same house now costs about $350,000 dollars, even though it got older –...
