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 are two types of virtual/digital currencies, centralized and decentralized. The history of virtual centralized currencies goes back to 90s.
1. DigiCash -
https://en.m.wikipedia.org/wiki/DigiCash1. Beenz -
https://en.m.wikipedia.org/wiki/Beenz.com2. Flooz -
https://en.m.wikipedia.org/wiki/Flooz.com3. E-Gold -
https://en.m.wikipedia.org/wiki/E-goldIf I am right B-money and Bit Gold proposals were based on cryptography, but DigiCash was the first virtual currency to use cryptography.
Bitcoin is the first decentralized digital currency.