nullama (OP)
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November 04, 2021, 10:01:46 AM |
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I'm wondering if anyone knows what was the first ever altcoin created.
Probably it took some time after genesis for someone to come up with an alt.
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Zackgeno96
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November 04, 2021, 11:16:47 AM |
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Tried to do a search about it and it turns out that it is indeed Namecoin, I thought it was Litecoin which I'm wrong Litecoin was the only fork of Bitcoin. However the Namecoin project died and was discontinued and probably the next coin that come is the Litecoin, I wasn't sure about this though.
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noah tall
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November 04, 2021, 11:17:54 AM |
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I don't think that anyone is here having answer of this question. I also google it for information but i did not get the results. So if anyone know ,please inform us.
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shinratensei_
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November 04, 2021, 12:10:27 PM |
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I don't think that anyone is here having answer of this question. I also google it for information but i did not get the results. So if anyone know ,please inform us.
Lol are you serious? How long you have been here? someone was also giving the right answer if name coin was the first altcoin. It seems like you were not using your google properly. We know the history of altcoins. So many old members here know so well about that. name coin was forking the bitcoin code and it was giving some changes to the code and then it was coming as namecoin. People just know that if doge and litecoin were the first altcoin created because they ddin't know about the history of altcoin so well.
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livingfree
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November 04, 2021, 10:42:25 PM |
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Tried to do a search about it and it turns out that it is indeed Namecoin, I thought it was Litecoin which I'm wrong Litecoin was the only fork of Bitcoin. However the Namecoin project died and was discontinued and probably the next coin that come is the Litecoin, I wasn't sure about this though. Many would have thought Litecoin but since we're not yet there when both have been launched, it's better to do a bit of research. Next to namecoin is you're right. It's Litecoin, despite being one of the oldest altcoins in the market, it's still on demand and one of the top coins in the market today.
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Fundamentals Of
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November 05, 2021, 01:44:36 AM |
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It took around two years for the earliest altcoin to come out. Both Namecoin and Litecoin were released in 2011. We all know that Bitcoin was launched in 2009. So they're more or less 2 years younger than Bitcoin. Namecoin is a bit older than Litecoin because it was released in April of 2011 while Litecoin was in October. Additionally, both were actually forks of Bitcoin. They're basically copies of Bitcoin. It is unfortunate that Namecoin is already dying. But it is good that Litecoin is still very much alive, still one of the most trusted altcoins in the whole crypto market.
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Alanaz
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November 05, 2021, 04:09:59 AM |
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as far as I know it is as @livingfree said because it is Namecoin, announced in April 2011. on the other hand the coins are still active and mined for now. but because from the beginning I entered this circle I only focused on coins that were quite big like LTC, ETH and even when I got to know crypto a few years ago it started with BTC and doge so I didn't look at this coin (NMC)
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Strongkored
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November 05, 2021, 05:02:55 AM |
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Yes, you are right and it is just a copy of Bitcoin, namecoin were quite famous in the early crypto and major exchanges at that time also traded them, community support is very important for the survival of a coin and it can be seen how namecoin that lack support eventually become dead coins while bitcoin survives to date.
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gwdf1
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November 05, 2021, 05:30:58 AM |
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I'm wondering if anyone knows what was the first ever altcoin created.
Probably it took some time after genesis for someone to come up with an alt.
As I know the first altcoins were all forks of Bitcoin. The first one was Namecoin and it was launched on 2009 that was not very long after Bitcoin's releasing. Today this coin is not very popular judging from its trading volume and it takes only the 780th place on CoinMarketCap and being trade far lower that its All Time Highs taht was about 12$.
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livingfree
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November 05, 2021, 02:29:22 PM |
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Yes, you are right and it is just a copy of Bitcoin, namecoin were quite famous in the early crypto and major exchanges at that time also traded them, community support is very important for the survival of a coin and it can be seen how namecoin that lack support eventually become dead coins while bitcoin survives to date. It is a must with community support. Unlike Litecoin, there's been a massive support for LTC and that's why it's still existing and with a decent volume that we're all liking and as well as its market cap. There are many of them after Litecoin.
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Cling18
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November 05, 2021, 03:09:51 PM |
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It's my first time hearing about that coin but I feel quite disappointed hearing that it's already a dead coin now. If it's the first altcoin then it should have created a good foundation already. I think that developers weren't able to handle and support the entire coin's journey. It should've had a good value now if they just managed to handle it well.
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livingfree
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November 05, 2021, 04:39:44 PM |
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It's my first time hearing about that coin but I feel quite disappointed hearing that it's already a dead coin now. If it's the first altcoin then it should have created a good foundation already. I think that developers weren't able to handle and support the entire coin's journey. It should've had a good value now if they just managed to handle it well. There are many of the early altcoins that have became popular once and not anymore. But it's also amazing to see a quite few of them that are still standing and being traded. About its history. It's for you to search what actually happened with it.
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alpamar99
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November 05, 2021, 04:48:26 PM |
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It's my first time hearing about that coin but I feel quite disappointed hearing that it's already a dead coin now. If it's the first altcoin then it should have created a good foundation already. I think that developers weren't able to handle and support the entire coin's journey. It should've had a good value now if they just managed to handle it well. AFAIK this coin is not dead but they are currently struggling as indeed their coin is running low due to lack of interest from investors and there is still no good enough project with this coin. their market ranking is at 784 on CMC and actually they are quite improved for now. but indeed for now history or not everything is not too much attention, the most important thing is that the benefits obtained while holding new coins will be considered
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Cryptoking99250
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November 12, 2021, 07:10:11 AM |
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The first altcoin was Namecoin, which was based on Bitcoin's code and was released in April 2011. Namecoin is integral to the history of altcoins in that it showed that there's enough room in the crypto markets for more than one kind of coin
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dothebeats
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November 12, 2021, 07:22:11 AM |
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It is namecoin, although that coin is pretty much dead right now. The oldest surviving altcoin currently belongs to litecoin, a supposedly 'lite' version of bitcoin that provided faster transactions and generally lighter software. It was quite interesting that namecoin, although being the first altcoin created, didn't get much traction during its creation, and that litecoin managed to stay up there with bitcoin during bitcoin's many bull runs and downtrends.
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pealr12
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November 12, 2021, 08:23:56 AM |
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I don't think that anyone is here having answer of this question. I also google it for information but i did not get the results. So if anyone know ,please inform us.
Perhaps the way you query google for the answer was wrong because i just did after seeing your post to verify if actually there was no information about the first ever altcoin that was created in google but it turns out there was, "What was the first Altcoin? The first Altcoin to appear was the Namecoin. It was introduced in 2011 and, for a short period of time, it was the only alternative to Bitcoin. It was born with the purpose of improving internet security and privacy". here is an answer from google about namecoin, so there you have your answer.
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Ayyang
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November 12, 2021, 09:39:10 AM |
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your question is good. i used to think that Doge Coin is the first altcoin but here i see most of members think that namecoin has come first.
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