Post
Topic
Board Bitcoin Discussion
Re: First Cryptocurrency?
by
StayFly
on 14/10/2019, 22:15:55 UTC
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.

Bitcoin is the first peer-to-peer digital currency. Bitcoin is the first truly decentralized digital currency.
Bitcoin is super successful today because of these two things: A peer-to-peer network, and decentralization.