The history of Bitcoin

With a relatively short history, Satashi Nakamoto, Blockchain and Bitcoin have become household names pushing the boundaries of how we view global currencies.

As popular as its origins, Bitcoin has also become famous for price swings that often make news headlines and capture the attention of financial traders. It has also led to the creation of other digital currencies such as Ethereum, Litecoin. Bitcoin even has other cryptocurrencies that were created when nodes decided not to upgrade to the latest protocol, creating a new currency from the old Bitcoin protocols, such as Bitcoin Cash ABC (BABUSD).

What currencies existed before Bitcoin?

While it is true that Bitcoin is often considered the father of cryptocurrencies, with many considering it to be the first cryptocurrency, there are many other coins that are considered its predecessor. Before Bitcoin, there were many attempts to create cryptocurrencies such as Blinded Cash, DigiCash, B-Money, Bit Gold, Hashcash, and more. However, none of those attempts measure up to the success or leverage of Bitcoin.