Back in 1983, Stefan Brands and David Chaum proposed using digital cash, and by 1997, Adam Bakov had developed the Hashcash system, after which blockchain appeared. It took until 2009 for Bitcoin to be launched, the first cryptocurrency in the world offering anonymity and encryption.
So what were digital currencies created for?
— To maintain privacy and anonymity when conducting transactions;
— For instant transfers;
— To ensure that the currency is not controlled by the government;
— To improve the reliability of operations.
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