Topic: First Cryptocurrency? - page 3. (Read 3294 times)
Bitcoin is not the first every digital money . In 1983, the American cryptographer David Chaum came out with cryptographic electronic money called ecash but its fails. But Bitcoin is the first ever most Successful digital money no doubt. https://en.wikipedia.org/wiki/Cryptocurrency
What is the First Cryptocurrency(First digital money)?
As for as I know, bitcoin is the first ever cryptocurrency that was ever created before the different altcoins like litrcoin, dogecoin and etc. Bitcoin was created under the pseudoname of Satoshi Nakamoto since no one ever know whether it is a male, a female, or a group of people to create this first digital money.
Before bitcoin. I saw EGold before. But seem to disappear
What is the First Cryptocurrency(First digital money)?
BTC (if that's what you are thinking), was actually not the first cryptocurrency to be created, but more the first cryptocurrency that had a good mindset behind it and attracted people to invest and hold it for the future. It also wasn't the first use of blockchain technology.Read this article, it doesn't show exact times, but there is a really good description of all the cryptocurrencies that existed before BTC became a thing, I'm pretty surprised that cryptocurrency was being worked on in the early 1990s, almost 20 years before BTC was made.
https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/
I think the birth of the first cryptocurrency started with the mailbox cypherpunk forum. At the forum the initial ideas about the foundation of cryptography and the emergence of ideas and experimental innovations to make digital money as payment for electronic devices such as HashCash proposed by Adam Back, Bit Gold from Nick Szabo.
The whole world knows it Bitcoin 
Which was the first heavy metal band? I'd blindly say Black Sabbath but lots of people believe it was Deep Purple.
Really, does it matter?
Really, does it matter?
I read that bitcoin wasn't the first cryptocurrency in this business. There were other alternative coins that were created and established to serve a particular purpose. However, they all failed and are not in existence anymore. So for now, I can say bitcoin has been the first to stand and survive for quite a long time now.
absolutely right, because bitcoin is a decentralized currency and is the mother of every crypto. and everyone believes in bitcoin and becomes a decentralized payment tool that makes it easy for every businessman to make transactions. for me bitcoin is the first currency that has survived until nowWe can't say that it is the mother, maybe Blockchain technology is the mother since it is the reason why there are a lot of crypto currencies nowadays. Bitcoin is the most popular since it is the crypto itself, without its technology, it will be included in many other failed digital currencies made in the past. Another thing is that it did not survive, it dominated the market.
I read that bitcoin wasn't the first cryptocurrency in this business. There were other alternative coins that were created and established to serve a particular purpose. However, they all failed and are not in existence anymore. So for now, I can say bitcoin has been the first to stand and survive for quite a long time now.
absolutely right, because bitcoin is a decentralized currency and is the mother of every crypto. and everyone believes in bitcoin and becomes a decentralized payment tool that makes it easy for every businessman to make transactions. for me bitcoin is the first currency that has survived until nowWe can't say that it is the mother, maybe Blockchain technology is the mother since it is the reason why there are a lot of crypto currencies nowadays. Bitcoin is the most popular since it is the crypto itself, without its technology, it will be included in many other failed digital currencies made in the past. Another thing is that it did not survive, it dominated the market.
I read that bitcoin wasn't the first cryptocurrency in this business. There were other alternative coins that were created and established to serve a particular purpose. However, they all failed and are not in existence anymore. So for now, I can say bitcoin has been the first to stand and survive for quite a long time now.
absolutely right, because bitcoin is a decentralized currency and is the mother of every crypto. and everyone believes in bitcoin and becomes a decentralized payment tool that makes it easy for every businessman to make transactions. for me bitcoin is the first currency that has survived until now
Although there were lots of cryptos before the bitcoin, the first decentralized cryptocurrency, bitcoin, was created in 2009 by pseudonymous developer Satoshi Nakamoto. It was the first successful cryptocurrency to use scrypt as its hash function instead of SHA-256.Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency. Since the release of bitcoin, over 4,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.
We all know that Bitcoin isn't the first cryptocurrency or digital currency.
There were so many digital currency before Bitcoin but they all fail and for me Satoshi gets all the information that is needed in order to make this work or become successful from the previous digital currencies.
There is a lot of video and articles that you could use to enlighten yourself about this topic.
There were so many digital currency before Bitcoin but they all fail and for me Satoshi gets all the information that is needed in order to make this work or become successful from the previous digital currencies.
There is a lot of video and articles that you could use to enlighten yourself about this topic.
I didnt know that before the release of bitcoin there were still attempts to create a digital currency. Sometimes you need to get 100 defeats before it would be something perfect and successful.
Not Bitcoin?
Nope. Bitcoin is just the first one that actually became decently successful and actually gained recognition everywhere. Most people just haven't heard of the past attempts for a global currency just because they weren't successful.
Read this: https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/
I think the birth of the first cryptocurrency started with the mailbox cypherpunk forum. At the forum the initial ideas about the foundation of cryptography and the emergence of ideas and experimental innovations to make digital money as payment for electronic devices such as HashCash proposed by Adam Back, Bit Gold from Nick Szabo.
Well that link mjglqw is I guess more reliable to believe since it’s all written and explaining from the author It is probably correct to say that Bitcoin is the first cryptocurrency that has become popular and ranked first in the cryptocurrency rating. But as for me there are no more coins so that you can compare them with him.
There are even few coins who have come first before bitcoin but it's only bitcoin who have gained such popularity like this. Maybe because of its being decentralized which is a great advantage from those being centralized which is fully controlled by the government. 
Not Bitcoin?
Nope. Bitcoin is just the first one that actually became decently successful and actually gained recognition everywhere. Most people just haven't heard of the past attempts for a global currency just because they weren't successful.
Read this: https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/
Another knowledge acquired for me! Since I entered this community, I have always thought that Bitcoin was the first digital currency. But upon reading this thread, it turns out that I was wrong, bigtime! It would also be interesting to know why the first ones failed, though. My guess is that, the reason why Bitcoin succeeded was because it learned from the mistakes of those ahead of it.
All I can say now is, we have to continue the success of Bitcoin, because for all its benefits, I think it's what it deserves.
Interesting, would like to know what made the others prior to bitcoin fail
Although bitcoin is not the first ever cryptocurrency as I read that a lot of crypto had come in the past but all of them failed majorly because they are not decentralized enough.
Yes. Bitcoin was not the first crypto to appear but it's the first recognized cryptocurrency because of its decentralized nature. People have become interested then because they can start earning bitcoins without being monitored by the government or even banks have no access to it.
Bitcoin is the first cryptocurrency to emerge in the world. This Cryptocurrency is the thought of one (or a group of) developers who named himself Satoshi Nakamoto in the year 2009 ago.
First Block chain based Decentralized Cryptocurrency is ofcourse BITCOINS .
We have considered numerous parameters :-
Blockchain based
Decentralized
Thus if it comes to first digital currency then I don't think it can be bitcoins , maybe some attempts were made and people were never successful.
We have considered numerous parameters :-
Blockchain based
Decentralized
Thus if it comes to first digital currency then I don't think it can be bitcoins , maybe some attempts were made and people were never successful.
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