Hello Guys,
Now I'm a newbie and trying to know what & why Bitcoin is, but
I just want to know if how many virtual currencies existed and had been circulated in the internet before Bitcoin?
Is Bitcoin was based on the earlier Crypto Currency if ever existed?
I haven't found an answer yet even I watched bunch videos from YouTube.
Talk to me, please...
There was one "crypto" I remember existing which was a centralized system and didn't work a lot like the blockchain aside from just having transactions conducted on a virtual token, and it was called BitGold if I remember correctly. Or maybe it was eCash. I really don't remember what it was branded as. But that is the closest as you can get to a "cryptocurrency" that came before Bitcoin, without actually referencing Bitcoin.
There was maybe one other digital currency that existed, but that was an even worse version of Bitcoin and whatever the other currency was.