Post
Topic
Board Beginners & Help
Merits 3 from 2 users
Re: Bitcoin: prehistory and history of its developement
by
HeRetiK
on 30/08/2024, 15:07:55 UTC
⭐ Merited by Pmalek (2) ,hd49728 (1)
There are more than e-Cash and B-money before Bitcoin. The prehistory has names of cryptocurrencies created before Bitcoin.

1989 with DigiCash
1994 with CyberCash
1996 with E-Gold
1997 with HashCash
1998 with Bit Gold and B-Money
2001 with BitTorrent


...with the exception of Bit Gold and B-Money, which never got implement, none of these are cryptocurrencies.


DigiCash, CyberCash, E-Gold were centralized payment processors.

Hashcash was a concept for using PoW to fight DoS attacks and spam.

BitTorrent is a filesharing protocol.


Usage of cryptography alone does not make a cryptocurrency.

PoW alone das not make a cryptocurrency.

Having "Bit" in the name also does not make a cryptocurrency.


You're confusing the building blocks with the thing itself.