Gold or silver coins that were used as currency in Europe, especially during medieval and Renaissance times, or money in general.
From Italian 'ducato' (duchy), from 'duca' (duke). The first ducats were gold coins issued by Venice and other Italian city-states, whose value made them widely trusted across Europe.
Ducats became the cryptocurrency of medieval Europe—merchants from different kingdoms trusted Venetian gold ducats so much that they used them for international trade, kind of like how Bitcoin is supposed to work across borders today!
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