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Author Topic: What was the first altcoin created?  (Read 223 times)
NelfiNovita
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November 17, 2021, 11:43:34 PM
 #21

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.

The first altcoin released to the public was Namecoin in 2011, Namecoin was created to establish a decentralized DNS that would make internet censorship extremely difficult.
In October appeared another cryptocurrency called Litecoin, these two cryptocurrencies were the beginning of the history of the first altcoin being created.

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dificanovi
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November 17, 2021, 11:52:53 PM
 #22

From this source: https://bitcoin.stackexchange.com/questions/83051/what-was-the-first-altcoin

It says namecoin.

Currently namecoin is almost dead with its volume. But its ranking is below 800.

https://coinmarketcap.com/currencies/namecoin/

yes you are right the first altcoin was created namely Namecoin in 2011. As long as Namecoin is traded it has never experienced a very high increase like other cryptocurrencies, Namecoin's highest price was $11.6 in 2013 and after that Namecoin never went higher. After Namecoin there is another altcoin that was created in the same year, namely Litecoin. The price of Litecoin is not the same as Namecoin because the price of Litecoin is more expensive compared to the price of Namecoin which is around $229.

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December 06, 2021, 07:57:01 PM
 #23

LiTeCoin (LTC) was the third scrypt-based coin, first came TeneBrix (TBX) which had a "pre-mine", then FairBriX (FBX) touting the fact that unlike TeneBriX it didn't have a "pre-mine", then eventually LiTeCoin whose main selling-points were that is was newly re-based on BiTCoin code and its author got a job that gave him an enhanced ability to "market" his coin.

TBX and FBX currently trade on the HORIZON and Stellar platforms. The HORIZON platform is itself very under-the-radar these days, so probably Stellar is the better place to start trading them; HORIZON's native currency, HZ is itself also traded on stellar:

https://stellar.expert/explorer/public/asset/FBX-GBHAQ252S4Z4AQOM4BWIRC3UHAOJIKCZQBUJGD336YH2O7W2NKRXMHA5

https://stellar.expert/explorer/public/asset/TBX-GBHAQ252S4Z4AQOM4BWIRC3UHAOJIKCZQBUJGD336YH2O7W2NKRXMHA5

https://stellar.expert/explorer/public/asset/HZ-GBHAQ252S4Z4AQOM4BWIRC3UHAOJIKCZQBUJGD336YH2O7W2NKRXMHA5

GeistGeld also dates back to that early period, it was implemented using config-file-configured "multicoin" code that let you specify your coin's major characteristics in the config file. FBX and TBX I think maybe also derived from "multicoin" but rather than stick with the config-file way of setting a coin's characteristics they went more hard-coded.

GeistGeld (XGG) is also still alive and traded on the HORIZON and Stellar networks, here is link for it in Stellar:

https://stellar.expert/explorer/public/asset/XGG-GBHAQ252S4Z4AQOM4BWIRC3UHAOJIKCZQBUJGD336YH2O7W2NKRXMHA5

-MarkM-

Post of the year.

https://en.bitcoin.it/wiki/Tonal_Bitcoin#As_an_altcoin

Also, LD Jr. created Tonal Bitcoin (TBC) in January 2011 according to old forum posts.

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December 06, 2021, 09:02:20 PM
 #24

That’s what I’ve found in wiki: https://en.wikipedia.org/wiki/List_of_cryptocurrencies#Before_2013 . I’ve looked through coins and found out that the chronology of "borning" of first alts is the next one:
-   Namecoin (decentralized domain name management, 2011)
-   Litecoin (first memory-hard mining, 2011)
-   Peercoin (first proof-of-stake mining, created at the end of 2012)
-   Ripple (first release in 2012)
-   Primecoin (launched on 7 July 2013 by anonymous hacker and Peercoin founder Sunny King
-   Gridcoin (created on October 16, 2013 by Rob Halförd.)
-   Gogecoin ( introduced by Billy Markus and Jackson Palmer as a "joke" at the end of 2013, in December)
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December 07, 2021, 09:44:16 PM
 #25

That’s what I’ve found in wiki: https://en.wikipedia.org/wiki/List_of_cryptocurrencies#Before_2013 . I’ve looked through coins and found out that the chronology of "borning" of first alts is the next one:
-   Namecoin (decentralized domain name management, 2011)
-   Litecoin (first memory-hard mining, 2011)
-   Peercoin (first proof-of-stake mining, created at the end of 2012)
-   Ripple (first release in 2012)
-   Primecoin (launched on 7 July 2013 by anonymous hacker and Peercoin founder Sunny King
-   Gridcoin (created on October 16, 2013 by Rob Halförd.)
-   Gogecoin ( introduced by Billy Markus and Jackson Palmer as a "joke" at the end of 2013, in December)



That list is not a fully comprehensive one as Tenebrix,Fairbrix,Geistgeld and Solidcoin all came out in 2011

I mined solidcoin back in the day before the DEV said he was re-branding it to Microcash (which never happened), one of the DEV's (coinhunter) is a fellow Australian who lived in Melbourne at the time.

https://bitcointalk.org/index.php?topic=38453.0
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December 24, 2021, 01:40:31 PM
 #26

I don't know too much about the history of cryptocurrencies just knowing that bitcoin is the first and at any time it will still be number one. However, some rumors that I get there are saying namecoin or litecoin is the first coin created. Or the first altcoin. Bitcoin may not be an alternative.

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