Was there any crypto Currencies before Bitcoin

[ahmedo24]

There used to be a currency called HashCash. It was created during the 1990s and it was no so popular at that time. I am not sure if it had any real value like Bitcoin but it had a Proof of Work algorithm.

You may be right because Henry Ford as once predicted the existence of cryptocurrencies about 100 years ago if I'm not mistaken so it is very possible that the coib was available in the 90s but very unpopular.

Before Bitcoin, there was an electronic payment system called E-Gold. It was not a digital coin per say. But the amount held in E-Gold accounts were equivalent to the amount of real gold that was held in banks. Unfortunately, E-Gold got closed by the U.S. authorities.

That's more like digital gold, I guess the E-Gold was under the control of the US government which made it easier for them to close unlike cryptocurrencies that is decentralized.

 

[Senator]

There is no arguing about it is that the Bitcoin is the first ever known cryptocurrency created. There was no other cryptocurrency existing or in existence at the time the Bitcoin as introduced.

 

[greenie]

Ethereum is seen more as a medium of exchange than a store of value by cryptocurrency users. It was launched on a concept proposed by Vitalik Buterin, a Russian-Canadian programmer with the vision of facilitating smart contracts or contracts written in code. These smart contracts have the potential to combine cryptocurrency with the instruments of conventional finance such as borrowing of money against interest.

 

[Dagm1]

Bitcoin was the first crypto currency to be released in the crypto currency exchange business, followed by Ethereum and a few other altcoins. This coin has performed admirably in the crypto currency exchange business, and as a result, it is currently considered as the leading cryptocurrency.

 

[Thinker009]

Bitcoin is actually the first cryptocurrency that was created ,it's even regarded as the father of cryptocurrency and it was first created by Satoshi nkamoto ,it comes with so many benefits

 

[Toyoabasi]

Before the invention of bitcoin as crypto currency was there any particular crypto currency

Bitcoin happens to be the first accepted decentralized blockchain currency. It was invented in 2008 and there was none prior to that time.
After the emanation of bitcoin, we have witnessed many other crypto currencies sprouting.

 

[eLdavis]

Bitcoin is actually the first crypto currency ever introduced to the world, I guess it's safe to say Bitcoin actually started it all before other coins started coming up, I believe this is also why Bitcoin has so much value and it's very popular.

 

[HayKay]

No there's not and that's why the value of Bitcoin is higher than the rest coins while any movement in the price would affect the rest coins as well.
Bitcoin is the first cryptocurrency created.

 

[Sotherefore]

According to research I have carried out on cryptocurrency satoshi nakamoto was the first person that invented the first cryptocurrency and there was no cryptocurrency except Bitcoin.