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Topic: What was the first Altcoin? - page 2. (Read 1181 times)

hero member
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September 21, 2017, 08:55:30 AM
#15
I had heard of Namecoin but never got into detail. The purpose is good and the price got up to $10 at one point in time but I guess the supporters left it because lack of applications for the coin and real life usage.
newbie
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September 21, 2017, 08:45:10 AM
#14
Created in April 2011, Namecoin was the first altcoin. Although it also functions as a currency, Namecoin’s primary purpose is to decentralize domain-name registration, which makes internet censorship much more difficult. As its place among the top ten cryptocurrency market caps suggests, Namecoin has remained one of the most successful altcoins throughout its short lifespan. you can access https://coins.newbium.com/post/1093-what-was-the-first-altcoin
full member
Activity: 462
Merit: 115
September 21, 2017, 08:28:49 AM
#13
The first altcoin that was introduced to the market of cryptocurrency is Namecoin. It was created in april 2011 right after the creation of bitcoin.
It is one of the ten altcoins,the intention of namecoin's creation was to decentralize domain registrations.
Namecoin is still among successful altcoins and can be also used as a digital currency payment purpose.

Fantastic explanation, much appreciated!

I'm actually a bit surprised to learn that LTC is as old as it is.  My understanding is that it is still one of the fastest coins out there (but that probably came from later developments like the lightning network).
member
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September 21, 2017, 07:44:04 AM
#12
Until now I thought it was litecoin too. Interesting. Thanks for the info
hero member
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September 21, 2017, 07:33:28 AM
#11
The first altcoin that was introduced to the market of cryptocurrency is Namecoin. It was created in april 2011 right after the creation of bitcoin.
It is one of the ten altcoins,the intention of namecoin's creation was to decentralize domain registrations.
Namecoin is still among successful altcoins and can be also used as a digital currency payment purpose.
Thank you for this information and i didnt expect that Namecoin is the first altcoin because when i do jump on bitcoin world i didnt ask these kind of question related to alts but now i do learn something new today.It might not be a big information but atleast it does help those people who do have these kind of questions on mind.I thought the first altcoin was DOGE.
sr. member
Activity: 647
Merit: 260
September 21, 2017, 07:26:49 AM
#10
I really dont know what altcoin was one of the first and one of the best. I just know that digibyte is very old coin and its still getting some attention in the currect market situation. NXT coin was very early too, but dont know the launch dates for sure!
MI6
hero member
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September 21, 2017, 07:25:56 AM
#9
The first altcoin that was introduced to the market of cryptocurrency is Namecoin. It was created in april 2011 right after the creation of bitcoin.
It is one of the ten altcoins,the intention of namecoin's creation was to decentralize domain registrations.
Namecoin is still among successful altcoins and can be also used as a digital currency payment purpose.

Till now I thought it was litecoin. Just curious, Is namecoin anyway related to namecheap?
It is different, https://bitcointalk.org/?topic=6017.0

The thread already created in 2011 which mean litecoin hadn't born. there is no relationship between namecheap with namecoin as far as i know.
same name not means related right  Grin namecheap on hosting business and not in crypto. in past there are no crypto that related to business like now
hero member
Activity: 2184
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September 21, 2017, 07:24:10 AM
#8
The first altcoin that was introduced to the market of cryptocurrency is Namecoin. It was created in april 2011 right after the creation of bitcoin.
It is one of the ten altcoins,the intention of namecoin's creation was to decentralize domain registrations.
Namecoin is still among successful altcoins and can be also used as a digital currency payment purpose.

Till now I thought it was litecoin. Just curious, Is namecoin anyway related to namecheap?
It is different, https://bitcointalk.org/?topic=6017.0

The thread already created in 2011 which mean litecoin hadn't born. there is no relationship between namecheap with namecoin as far as i know.
legendary
Activity: 1904
Merit: 1277
September 21, 2017, 07:08:44 AM
#7
Ripple I think is 2012, so you're right that Namecoin would be before that. My mistake. Although I wasn't around in cryptocoins at the time.
Presumably there aren't many of those old alt coins that have survived this long. Obviously Litecoin and Ripple, but maybe not so many others.
hero member
Activity: 2744
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September 21, 2017, 02:25:25 AM
#6
great info I don't know that Namecoin was the first alt coin that has been created after btc, not really familiar with such project and I'm happy to learned
it from here though I'm still thinking that ltc was the the first alt coin as well thinking that it was a copycat of btc.
member
Activity: 111
Merit: 10
September 21, 2017, 02:20:38 AM
#5
The first altcoin that was introduced to the market of cryptocurrency is Namecoin. It was created in april 2011 right after the creation of bitcoin.
It is one of the ten altcoins,the intention of namecoin's creation was to decentralize domain registrations.
Namecoin is still among successful altcoins and can be also used as a digital currency payment purpose.

Till now I thought it was litecoin. Just curious, Is namecoin anyway related to namecheap?
legendary
Activity: 1904
Merit: 1277
September 21, 2017, 02:18:15 AM
#4
Ripple has also been around for a long time as far as I can see.
What is interesting though is that many of the early coins either haven't delivered or have disappeared entirely, something to bear in mind when looking at alts nowadays. Some projects will succeed, but a lot, probably the majority, won't.
full member
Activity: 294
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September 21, 2017, 02:00:28 AM
#3
The first altcoin that was introduced to the market of cryptocurrency is Namecoin. It was created in april 2011 right after the creation of bitcoin.
It is one of the ten altcoins,the intention of namecoin's creation was to decentralize domain registrations.
Namecoin is still among successful altcoins and can be also used as a digital currency payment purpose.

What happened to namecoin? i thought LTC (Litecoin) is next after BTC was created.
hero member
Activity: 924
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September 20, 2017, 11:09:13 PM
#2
The first altcoin that was introduced to the market of cryptocurrency is Namecoin. It was created in april 2011 right after the creation of bitcoin.
It is one of the ten altcoins,the intention of namecoin's creation was to decentralize domain registrations.
Namecoin is still among successful altcoins and can be also used as a digital currency payment purpose.
full member
Activity: 462
Merit: 115
September 20, 2017, 10:58:03 PM
#1
Was anyone around back then?  What was the general opinion of it?
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