First Cryptocurrency?

[42K]

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.

[Alert31]

I don't know if there is other cryptocurrency that first than bitcoin. All I know is Bitcoine is the first cryptocurrency to capture the public imagination , which was launched in 2009 by an individual or group known under the pseudonym Satoshi. It was the digital currency that accepted and patronized by the people since it was created and it was also the digital currency that first known even in digital world that become most valuable digital  currency  until now.

[fiulpro]

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.

[Dave100]

Interesting, would like to know what made the others prior to bitcoin fail

[samputin]

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.

[btc78]

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/

Never thought of this until you give this link,all I know is bitcoin is the first cryptocurrency but now having said my views are change but thanks for Satoshi for creating bitcoin and make it a long market value because o bing decentralized

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

[xvids]

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.

[Lalafell]

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.

[FlightyPouch]

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

We 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.

[Ayiranorea]

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

We 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.

Majority of the users have a thinking that bitcoin is the base or the first cryptocurrency to get used. From the very first quote of the thread it is clear that there are many attempts on this, while bitcoin is the one that was developed perfectly and got used much more than the other forms of cryptocurrencies. Also bitcoin came out of the blockchain technology, if not this too could've got faded as other forms of cryptocurrencies that were used prior to bitcoin.

[Kyraishi]

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/

[Blackdeath]

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.

[joinfree]

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

[dessyhodin97]

the investopedia website talks more about this, check it out.... https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/

[terrorJR]

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.

I also want to ask why did the first digital money making Bitcoin never show itself? are they still around or gone? it's clear that Satoshi Nakamoto hasn't been proven to be there.

[GideonGono]

What is the First Cryptocurrency(First digital money)?

Just search it at Google before you ask question here because it pop up then the high quality who want to read by some people doesnt read that's why there are a lot of repetition happen.

[bounceback]

maybe in this community many people already know that cryptocurrency was first released. The only thing is bitcoin made by satoshi nakomoto in 2009 and in my opinion there is no such thing as cryptocurrency before the arrival of bitcoin, and bitcoin also conducts secure transactions using peer to peer systems or other systems for transactions.

[timerland]

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.

Yep. The concept of cryptocurrencies was actually discovered and invented in the late 1990s, and there were a couple of attempts at creating blockchain technology back then, but due to the limited tech, it never worked well.

Bitcoin was the first-ever crypto-currency to be decentralized and it was probably the reason why it was loved by so many early adopters.

[Colt81]

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.

Yep. The concept of cryptocurrencies was actually discovered and invented in the late 1990s, and there were a couple of attempts at creating blockchain technology back then, but due to the limited tech, it never worked well.

Bitcoin was the first-ever crypto-currency to be decentralized and it was probably the reason why it was loved by so many early adopters.

All i know is bitcoin is the first cryptocurrency that was created and it is true that a lot of people have loved bitcoin because of it's value. But in my opinion, maybe the concept of cryptocurrency in the late 1990s was still bitcoin, then it started to become decentralized in 2008.

[johnmason92]

The first decentralized cryptocurrency became Bitcoin in 2009. Since then, many other cryptocurrencies have been created. They are often called altcoin, as a mix of bitcoin alternatives. In the future there wiil probabaly exist many more cryptocurrency.