The island of Yap in Micronesia is famous for its unique form of currency known as rai stones, which have been used for several centuries. The stone money is considered an ancient form of blockchain and cryptocurrency, because it utilizes a communal oral ledger to track ownership and transactions, ensuring transparency and immutability. Additionally, the value of rai stones is based on their scarcity and the effort required to create and transport them, mirroring the principles of cryptocurrency
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TikTokirreverentoutcrop
The island of Yap in Micronesia is famous for its unique form of currency known as rai stones, which have been used for several centuries. The stone money is considered an ancient
The island of Yap, situated in Micronesia, is renowned for its extraordinary form of currency known as rai stones, which have been utilized for several centuries. This fascinating stone money is often likened to an ancient form of cryptocurrency, as it employs a communal oral ledger to meticulously track ownership and transactions, ensuring ...
399.6K viewsNov 18, 2024
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