What is the First Cryptocurrency(First digital money)?
What is the First Cryptocurrency(First digital money)?
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Have always thought bitcoin is the first digital currency. worthy of note is that bitcoin came with a superior technology, been run on the immutable blockchain technology, combining tech with economic value together with the decentralized peer-peer system.
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Nicely said. Good to see some lessons from the past history of cryptocurrency. Right now, when we talk about cryptocurrency the standard is of course Bitcoin and anything that is centralized like the newcomer Libra or even the Ripple we usually can say that those are not at par and should not be compared with Bitcoin with some even saying that those are not cryptocurrencies at all.
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What made bitcoin survive is that it is decentralized. There is no central point which can be attacked and shut down.
Past attempts to create a digital currency all failed because they were not decentralized and/or because they couldn't solve double spending.
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I always thought that bitcoin is the first cryptocurrency, now I know thanks to the thread starter. Maybe the first one is so regulated and people before is not techie not like today that is why it did not survived.
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It’s good to know that only bitcoin did survived the market and stays longer until now,actually I have no idea about other first cryptocurrency because I came out late here though I can search over internet but for what sense?
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I also really thought that Bitcoin is the first cryptocurrency. I think its because of its popularity that whenever we think about digital coins, Bitcoin always comes up to mind.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.