The Innovation at the Heart of the Global Crypto Transformation
The Breakdown
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The Rise of Double Entry Accounting
By the 14 hundred, single entry systems really started to show their age. With so much going on, it's super easy to make data entry errors. Double entry keeps track of both credits and debits. It insures that each side in the transaction has a receipt which proves what happened. The printing press was the most important invention in the history of the world. Without it, knowledge would have remained siloed or lost. Now people can easily do business with people they didn't know - we still use double entry today.
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