Blockchain Industry Review, Issue 2, February 2021

Page 12

ARTICLE 4 - PAGE 11 | BLOCKCHAIN INDUSTRY REVIEW

History of Money by Jilian Godsil

Croesus, King of Lydia (now western Turkey) was rumoured to have descended from King Midas himself. A patron of artists, he is now more famous for inventing money, or sovereign currency ,to be precise. Before Croesus, no sovereign power had ever issued its own standardized currency or linked its value to a given weight of gold.


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