Was bitcoin the first blockchain?

30 Sep 2022 By PAYCEC

Yes, but also No. To be exact, Bitcoin is the first decentralized cryptocurrency powered by blockchain technology.

Cryptocurrencies didn't exist with the genesis of Bitcoin but were created before it. In the 1980s, David Chaum founded DigiCash, which went on to create eCash.

From that time on, several other attempts eventually resulted in the development of Bitcoin. But it took more than 20 years to mature into the popular cryptocurrency it is today.

Fun fact: The first cryptocurrency-paid purchase was an order of two pizzas in 2010. It cost the user 10,000 BTC, approximately $222 million in 2022's price.

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