Evolution of cryptocurrency: a brief history
Ethereum, one of the most popular and cryptocurrency influences, may seem a new income for the world of digital currencies. However, its roots date from previous systems that preceded Bitcoin for a few years. In this article, we will explore the history of cryptocurrency systems that have paved the way to the appearance of Ethereum.
The first days: pre -bitcoin cryptocurrencies
Before entering Bitcoin in 2009, there were several other cryptocurrencies and digital currencies. Here are some remarkable examples:
* Litecoin (2011) : Created by Charlie Lee, Litecoin is often called “Bitcoin Gold Silver”. The goal was to improve Bitcoin’s scalability problems, keeping their own resources distinct.
* Dogecoin (2013) : the community -led cryptocurrency, with an emphasis on charity and social activism. Dogecoin was created by Jackson Palmer and Billy Markus, who later left the project due to disagreements in the direction.
* DASH (2014) : Launched as a key -based cryptocurrency, Dash aimed to increase anonymity and speed using a dedicated “Dashpay” payment network.
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Ethereum Discovery: Smart Contracts
The Ethereum project was born from the need for a more programmable and flexible digital currency. Led by Vitalik Buterin, a young Russian programmer, Ethereum and proposed to create a decentralized platform that can support complex intelligent contracts and decentralized applications (Dapps).
The main characteristics of Ethereum include:
* Smart Contracts : Auto -Execution hires written conditions directly on lines of code.
* GAS : A curry -based currency used to pay for taxes on transactions and calculation resources on the Ethereum network.
* Tokenization : The ability to create, manage and market digital assets using chips.
How does Ethereum differ from bitcoin?
Although Bitcoin and Ethereum are digital currencies, they differ significantly in their design goals and features. Here are some important differences:
* Decentralized vs. Centralized : Ethereum is decentralized, which means that no unique entity controls it, while Bitcoin is based on a central authority to manage transactions.
* Smart contracts vs. Script languages ​​: Ethereum intelligent contracts allow more complex logic and behavior, while script languages ​​as javascript are usually used for simpler applications.
* Tokenization vs. Cryptocurrency : Ethereum is focused on creating chips (digital assets) that can represent various goods or services, while Bitcoin focuses mainly on cryptocurrency.
Conclusion
The history of cryptocurrency systems precedes Bitcoin a few years, with initial examples, including Litecoin, Dogecoin, Dash and Monero. Ethereum’s appearance as one of the leading participants in the digital currency scenario was influenced by these previous pioneers, who introduced new features, such as intelligent contracts and tokenization. As blockchain technology continues to evolve, it will be interesting to see how Ethereum adapts and innovates to deal with emerging cases and challenges.
Chronology of cryptocurrency systems:
- 2009: Bitcoin
- 2011: Litecoin
- 2013: Dogecoin
- 2014: DASH (Private Key -Based Cryptocurrency)
- 2014: Monero (Zero Knowledge Test Technology)
- 2014: Ethereum Project (intelligent contracts, gas and tokenization)
Note: This article is not intended to be a comprehensive history of cryptocurrency or bitcoin systems. If you are interested in finding out more, I recommend that you consult additional funds and sources.
