Glossary: B-money

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Although digital currencies have risen to new levels of prominence around the world only in the last few years, it's important to remember that cryptocurrency has a history dating back decades. While the oldest of the current generation of virtual tokens is bitcoin (BTC), there were many important predecessors to BTC as well. One of these early proposed cryptocurrencies was called B-money. First revealed in 1998 by computer scientist Wei Dai, B-money aimed at being an "anonymous, distributed electronic cash system." In this way, it endeavored to provide many of the same services and features that contemporary cryptocurrencies today do as well.