Preface Currency is the bedrock of economic activity, yet we seldom explore the traits that make it effective. As digital currencies challenge traditional notions of money, we must re-examine the characteristics that enable money to perform its basic functions in a modern economy.History shows that the definition of money lies not only in its technical features but also in its ability to evolve through different stages. True money must undergo a challenging evolutionary path that most emergin...

Preface Currency is the bedrock of economic activity, yet we seldom explore the traits that make it effective. As digital currencies challenge traditional notions of money, we must re-examine the characteristics that enable money to perform its basic functions in a modern economy.History shows that the definition of money lies not only in its technical features but also in its ability to evolve through different stages. True money must undergo a challenging evolutionary path that most emergin...