Cryptocurrency,%d0%9d%d0%b0%d1%80%d0%b8%d1%81%2c%d1%96%d1%81%d1%82%d0%be%d1%80%d1%96%d1%97%2c%d1%81%d0%b5%d1%80%d0%b5%d0%b4%d0%bd%d1%8c%d0%be%d0%b2%d1%96%d1%87%d0%bd%d0%be%d1%97%2c%d1%82%d0%b0%2c%d1%80%d0%b0%d0%bd%d0%bd%d1%8c%d0%be%d0%bc%d0%be%d0%b4%d0%b5% < VERIFIED >

🌍 2. The Early Modern Period: Emergence of Proto-Global Finance

Medieval and Renaissance monarchs frequently "debased" their currency by mixing precious metals with cheaper base metals to fund wars, causing massive inflation. 🌍 2

Medieval exchequers used split wooden tally sticks to record debts. This was a physical, decentralized ledger. Both parties held a matching half, ensuring that neither could forge a transaction without the other. This functions as a primitive precursor to blockchain technology. 🌍 2