Re: First Cryptocurrency?

Quote from: mjglqw on July 22, 2019, 04:33:22 PM

Quote from: greekoflove on July 22, 2019, 04:00:12 PM

Not Bitcoin?

Nope. Bitcoin is just the first one that actually became decently successful and actually gained recognition everywhere. Most people just haven't heard of the past attempts for a global currency just because they weren't successful.

Read this: https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/

What made bitcoin survive is that it is decentralized. There is no central point which can be attacked and shut down.

Past attempts to create a digital currency all failed because they were not decentralized and/or because they couldn't solve double spending.