History of Cryptocurrency

[ImThour]

It's hard to believe that Litecoin is the first altcoin and is still surviving to this day, and was made on a similar logic as compared to Bitcoin. It follows the Halvings as Bitcoin and also reduces the supply. The definition of Cryptocurrency has changed a lot in these years and what I have realized is that it's hard to consider Bitcoin as a Cryptocurrency as It's way more different that the Crypto projects launching these days. Way different.

[1714627505]

1714627505

[1714627505]

1714627505

[PX-Z]

Looks like your thread is made for merit. If you're going to make a thread about cryptocurrency history then do it with proper research.

Here is the brief summary thread^[1] of bitcoin history at least until late 2019.

It's hard to believe that Litecoin is the first altcoin and is still surviving to this day,

It's Namecoin actually and not Litecoin. Although, they are created the same year but Namecoin was made months before the other alts including LTC.

[1] https://bitcointalk.org/index.php?topic=5187275.0

[dothebeats]

Before reading the replies I was going to thank OP for this short summary of the history of crypto because I thought I could share it with my partner who was asking about random information about crypto as she is relatively new in this scene/system, however, based on the replies I spent time fact-checking the post and found some false information on OP's post. Clearly some may think that it is not a big deal but spreading false information can still have bad effects no matter how big or small it is plus since you are already posting someone it is still better to make sure that you are 100% sure that you are posting something that is backed up by reliable sources. It wouldn't afterall take much to double check things.

[Faisal2202]

The history of Cryptocurrency is a journey that started with the creation of Bitcoin(BTC) which is most well-known digital coin Basically the idea of creating a digital currency was explored by computer scientists and a cryptographic hey introduced the concept of digital money in 1980.
....................

You are just making posts that are not unique. I am not trying to disrespect you or discourage you but topics like these are of lesser use. Because there have been many topics related to this context have already been made and they contain a hell lot of information. You only covered a few incidents but those topics are like bigger ones. I hope many members must have shared any of those but still, I will share the topic links here so you can read them and get more idea about what I really am saying.

161 History of Bitcoin 2007-2014
The most iconic bitcointalk threads. History on Bitcointalk.

[Agbe]

Op your historical analysis of bitcoin has a lot of mistakes and others have pointed out many errors for you and I will like to dwell on the creation date you mentioned. Bitcoin was created or invented in 2008 and was launched in 2009 and it was created to bypass the corrupt system of the Banking system so the bitcoin network use per to per system. Op if you what to know the history of bitcoin make research and ask questions so that you will know more. I know if you really here to learn, from the replies you have gotten here, you will learn more. Just feel free to navigate the forum to learn.

[rachael9385]

Op your historical analysis of bitcoin has a lot of mistakes and others have pointed out many errors for you and I will like to dwell on the creation date you mentioned. Bitcoin was created or invented in 2008 and was launched in 2009 and it was created to bypass the corrupt system of the Banking system so the bitcoin network use per to per system. Op if you what to know the history of bitcoin make research and ask questions so that you will know more. I know if you really here to learn, from the replies you have gotten here, you will learn more. Just feel free to navigate the forum to learn.

This is one of the mistakes new members make. How can they learn when they think that they know more and they keep on teaching? It is not possible now. He has just totally discredited himself.
Op, it is better to do more research than trying to teach people who know more than you, you can't learn if you are thinking that you know it all so I believe that now you have seen your error, if those corrections that was given to you by other user's, you should learn then so that you will not make the same mistake again.

[BVeyron]

The history of Cryptocurrency is a journey that started with the creation of Bitcoin(BTC) which is most well-known digital coin Basically the idea of creating a digital currency was explored by computer scientists and a cryptographic hey introduced the concept of digital money in 1980.

First Bitcoin:
The most well-known currency(BTC) was created in 2009 known as the famous Bitcoin Pizza Day witnessed by the first Bitcoin. The whitepaper “A Peer to Peer Electronic Cash System”  laid out the blueprint for a decentralized currency system that reeled on blockchain on January 3, 2009.

First use of BTC:
First-time Bitcoin(BTC) is used by Small community and tech enthusiasts. The first transection is took place on 10 May 2010 when the programmer paid 10000 BTC in the exchange of 2 pizzas. After BTC the second most popular cryptocurrency appear known as Ethereum was proposed by the programmer in 2013 and launched in 2015.

Altcoins:
The success of Bitcoin created a new way for the creation of other alternative currencies which are known as altcoins in these days the altcoin Litecoin (LTC) launched in 2011 was the first altcoin in the crypto.

First Exchange:
Mt. Gox was the first exchange where Bitcoin’s selling and purchasing started but the Mt. Gox exchange gated hack and caused a lot of BTC loss and raised concerns about the security of the exchange.

Initial coins (ICO’S):
The concept of an initial coin offering is as a funding method it is use to sell new cryptocurrency in the exchange of the already established currency like BTC or ETH that method boosts the creation of new altcoins.

Defi and Nft’s:
2020 is the rising year of decentralized finance which creates the traditional finance by using Blockchain technology
Many central banks are developing their own central digital currency. Cryptocurrency continually enveloping the new technology advancement cause of the new users and the developing technology

There are still many riddles in cryptoworld... First, we still don't know the mastermind behind the whole cryptocurrency hustle. There are many companies which are interested in fintech technologies, so if we take a look at the timeline, we can propose that BTC and other cryptoprojects are testnets, in which novel digital finance technologies are being tested in global scale. The best tech solutions are then adopted by banks and other financial companies.

[coinremitter]

The history of cryptocurrency is a fascinating journey, beginning with Bitcoin's creation in 2009. Its whitepaper, 'A Peer-to-Peer Electronic Cash System,' outlined the concept of decentralized currency on the blockchain. Bitcoin's first use occurred in 2010 when 10,000 BTC were exchanged for two pizzas. Ethereum, introduced in 2013 and launched in 2015, marked the rise of alternative cryptocurrencies or 'altcoins,' with Litecoin leading in 2011.

The first exchange, Mt. Gox, initiated Bitcoin transactions but faced security concerns and hacking issues. The introduction of Initial Coin Offerings (ICOs) as a funding method accelerated the creation of new altcoins. 2020 witnessed the surge of decentralized finance (DeFi), reshaping traditional finance through blockchain.

Additionally, the emergence of non-fungible tokens (NFTs) has gained prominence. Central banks are exploring the development of their own digital currencies. Cryptocurrency's evolution continues, driven by technological advancements and a growing user base.