The creation of Bitcoin combined several technologies in order to solve problems that other digital currencies were not able to address.
Ever hear of Error 402? It’s an HTTP error message describing that insufficient funds were sent when payment is required, and it has been there since the inception of the World Wide Web. This is proof that our modern World Wide Web was built with a native currency in mind, that the internet could be used for the transmission of value. This idea was first addressed by David Chaum, a “cypherpunk” dedicated to creating anonymous electronic money.
