🤓 Brought to you by Q-Academy from Qmall and WOO Network: Dive into our curated overview tracing the evolution of financial systems in society, from the earliest forms of barter to the emergence of digital assets. Journey with us and enhance your financial literacy💡 👉 The Barter System Imagine you baked bread while your neighbor crafted boots. You'd simply swap and both be satisfied. But this system had its limitations... 👉 The Gold Standard As societies required a variety of goods beyond just bread and boots, direct bartering became impractical. Coins crafted from precious metals became the answer. Their value was inherently tied to the metal they were made from. 👉 Fiat Currency As the global financial system expanded to manage trillions of dollars, it became evident that we couldn't back every dollar with gold. Hence, we adopted paper bills and other forms of fiat currency. The authority and control over these currencies predominantly rest with banks. 👉 Cryptocurrency The latest evolution in money introduces a paradigm shift: no longer controlled by central banks, but by a decentralized blockchain system. This ensures the value of digital currencies and the total monetary supply while entirely eliminating the risk of forgery.