Cryptocurrency Q&A
What is a solidus coin?
What is a solidus coin?
DondaejiDelightful
Sat Aug 31 2024
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6 answers
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Can you explain to me what a solidus coin is? I've heard it mentioned in the context of cryptocurrency, but I'm not entirely clear on its specifics. Is it a new type of digital currency? How does it differ from other coins or tokens in the market? Is it a decentralized platform, or does it rely on a central authority? Additionally, what are its potential use cases and benefits for investors and users? I'm eager to learn more about this coin and how it fits into the broader cryptocurrency landscape.
6 answers
Chiara
Mon Sep 02 2024
The solidus, a gold coin, played a pivotal role in Western European commerce from the late Roman era until the 750s. This period witnessed the solidus as the primary medium of exchange.
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Eleonora
Mon Sep 02 2024
The coin's significance extended beyond mere currency, as it also served as a symbol of wealth and power during its heyday.
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CherryBlossomDancing
Mon Sep 02 2024
However, the solidus' reign as the dominant gold coin came to an end with Pepin the Short's currency reform in the 750s. This marked a shift towards a silver-based monetary system.
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Chiara
Mon Sep 02 2024
The new system, comprising the pound, shilling, and penny, revolutionized the economic landscape of Western Europe. It replaced the solidus as the primary unit of currency.
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BonsaiBeauty
Sun Sep 01 2024
Despite its decline as a currency, the solidus retained its importance in other aspects. In Late Antiquity and the Middle Ages, it served as a unit of weight, equivalent to 1/72 of a Roman pound.
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