27K views · 382 reactions | Happy Yap Day! We enjoyed the outstanding performances! Thank you so much to our wonderful hosts! | U.S. Embassy Kolonia | Facebook
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FacebookU.S. Embassy Kolonia
27K views · 382 reactions | Happy Yap Day! We enjoyed the outstanding performances! Thank you so much to our wonderful hosts! | U.S. Embassy Kolonia | Facebook
U.S. Embassy Kolonia. . Happy Yap Day! We enjoyed the outstanding performances! Thank you so much to our wonderful hosts!
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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
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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