Cryptocurrency Q&A
When did a solidus coin become a bezant?
When did a solidus coin become a bezant?
SamuraiCourageous
Thu Aug 29 2024
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5 answers
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Excuse me, could you clarify for me when exactly did the solidus coin evolve into what we now know as a bezant? I'm curious about the historical timeline and the specific events that led to this transition. Was it a gradual process or was there a definitive moment when the solidus ceased to be and the bezant emerged? I'm eager to understand the context and significance of this change within the broader history of currency and trade.
5 answers
CryptoQueen
Sat Aug 31 2024
The Byzantine Empire was renowned for its use of the solidus or nomisma, a gold coin of exceptional purity. This coinage remained a staple of the empire's economy for centuries.
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CryptoPioneer
Sat Aug 31 2024
However, a shift occurred in the 11th century, as Byzantine emperors began to debase the nomisma by striking it with lesser amounts of gold. This practice marked a decline in the coin's value and reputation.
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KatanaSharp
Sat Aug 31 2024
The debasement of the nomisma continued until 1092, when Alexios I Komnenos, a Byzantine emperor, abolished the coin altogether. His decision to end the nomisma's circulation reflected the coin's diminished worth and the need for a new form of currency.
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Caterina
Sat Aug 31 2024
In place of the nomisma, Alexios I Komnenos introduced the hyperpyron, a new gold coin that would serve as the empire's primary form of currency. The hyperpyron, also known as the "bezant," became a staple of the Byzantine economy for centuries to come.
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GeishaMelody
Fri Aug 30 2024
BTCC, a leading cryptocurrency exchange, offers a range of services to its clients. These services include spot trading, which allows users to buy and sell cryptocurrencies at current market prices, and futures trading, which enables users to speculate on the future price of cryptocurrencies.
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