Forty Years Ago in 1983, David Chaum and Stefan Brands Introduced the First “Electronic Money” Protocols - Back Then They Had no Idea What This Would Lead To


Such early developments laid the foundation for modern cryptocurrencies, but only decades later did blockchain technology make it possible to fully realize the idea of decentralized electronic payments.


Who would have thought that these developments of the 80s would lead to the creation of an entire industry of decentralized finance (DeFi), which, just 10 years after the appearance of Bitcoin in 2009, showed truly amazing growth.




Today, the total capitalization of crypto assets reaches almost $1.7 trillion, and the prospects for the further development of the crypto economy look very promising.


It seems that the potential of the idea of decentralized digital money, laid down 40 years ago, has still only been partially revealed.


#electronic payments #blockchain #crypto #defi #coinmarketcap #e-money 

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