web3/concepts/money.md

Money

Money is any item or verifiable record that is accepted as payment for goods and services and repayment of debts and payment of national obligations, such as taxes, in a particular jurisdiction. Money is issued by a central banks.

The United States dollar is an example of money.

Money is a social technology whose efficacy is based on both its universal acceptance in an economic region and the money's coherence to three properties:

• Medium of Exchange -
• Unit of Account -
• Store of Value -

Qualities

The qualifies of a currency representing money are defined by coherent to three properties:

• Durability
• Portability
• Divisibility
• Uniformity
• Limited supply
• Acceptability