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Cryptocurrency In 5 Minutes - Cryptocurrency Explained - What Is Cryptocurrency? - SimplilearnThe first cryptocurrency was Bitcoin, which was first released as open-source software in As of June , there were more than 25, other. The first cryptocurrency was eCash, created by David Chaum's company DigiCash in There were several attempts to create a viable and accepted. Satoshi Nakamoto mined the first 50 Bitcoins, thus launching the practice of crypto mining. It was a time when only a small team of programmers and enthusiasts.