Coins and tokens have been in use for over 2,000 years, continuing up until the 19th century when paper currency eventually took over. However, the transition wasn't a straightforward, one-time change—many nations alternated between coin and paper systems for quite some time.
In the 21st century, cryptocurrencies are challenging the traditional concept of money as something tied to intrinsic value—like gold—or controlled by a trusted central authority.
Continue reading here:
https://theconversation.com/history-is-full-of-failed-attempts-to-establish-new-currencies-so-what-makes-crypto-different-258867
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