- Written by: Matthew S Daye
- Category: Digital Currency
- Hits: 13350
Digital currencies had their start in 1981 with a paper authored by David Chaum. The paper, Untraceable Electronic Mail, Return Addresses, and Digital Pseudonyms set the foundation for developing digital currencies. In 1990, DigiCash debuted and introduced Chaumian digital cash to mankind. It lasted 8 years.
- Written by: Matthew S Daye
- Category: Digital Currency
- Hits: 14180
There's interesting news out of Ecuador. The government is planning to release a new digital currency, possibly as soon as late this year. Unlike Bitcoin and other existing digital currencies, this new version will be the first digital currency released by a national central bank as an official state currency.
Does this step indicate a "giant leap forward" for an all-digital monetary system, moving us even closer to a completely cashless society? While a total lack of cash may be somewhere in the future, we're not there yet. Not even close.