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The person/people behind the revolutionary Bitcoin is/are unknown till now. The genius behind the Bitcoin, however, is currently included in the list of the 50 richest people in the world.
Who is Satoshi Nakamoto?
Satoshi Nakamoto, the name behind the creation of digital currency, Bitcoin is facing lots of speculations for true identity. Satoshi Nakamoto is a pseudonym given to the person who is responsible for developing blockchain technology that is underneath the operations of Bitcoins. He or she is the one who introduced the idea of digital currency and framed the entire transaction process including protocols and brought an unimagined boom to the currency world.
Satoshi Nakamoto may be a single identity or a group of people who have developed digital currency, Bitcoin, but as the true identity is still hidden, it is nothing but a pseudonym given to the Bitcoin founder. Since Bitcoin came into existence from that very day mystery of Satoshi Nakamoto continues and all are waiting to unmask that person or group of people one day. It was in 2009 on P2P foundation account; it was professed that he is a man of 37 years old with Japanese origin but the way he used flawless English was something that strikes the minds of the people that something is yet to explore and upon that also the inability of the developed software to be converted into Japanese language strengthen their thoughts.
In Satoshi Nakamoto’s comments and codes, it was found that the use of words is close to British origin and the speculation started that maybe he is from British origin because the time he came online used to be generally, GMT-5 to GMT-6. These speculations kept on wandering and yet no fact can be collected for Satoshi.
Satoshi Nakamoto, in October 2008 introduced cryptocurrency to make online payments easier without the involvement of the third party. Based on P2P transaction process, no party here takes the responsibility of transaction; rather trust is the basis of cryptocurrency. The transaction process is entirely safe as highly safe blockchain technology software handles the entire process and though there is no party holding responsible for a transaction, there is a database that keeps on updating every now and then and each transaction is stored there. A Bitcoin transaction is like transferring money as cryptocurrency from one wallet to the other. Instant, convenient, and world-famous Bitcoin is the trending currency that is making people wealthier and happier.
Though the Bitcoin CEO is still undercover and search is on to find its true identity, the market is experiencing a boom in the development of currency token as Bitcoin.
People who claimed/suspected to be Satoshi Nakamoto
Since 2009 the mystery to unveil the identity of Bitcoin creator is rocketing and everyone is quite curious to know who the genius is. The hidden identity of Bitcoin and the speeding popularity diverted the route to find the true person and in between numerous identities claimed to be the super genius, Satoshi Nakamoto, founder of Bitcoin but still, the search for real identity continues. In fact, that many individuals influenced by the fame, glory and wealth of Satoshi Nakamoto and used the anonymity to benefit their personal choices but truth can’t be hidden for a longer time.
Dorian Satoshi Nakamoto
An American-Japanese computer engineer, named Dorian Satoshi Nakamoto was first considered to be the real identity behind the publication of Satoshi Nakamoto white paper. As the media was firm to believe that this man living in Temple City County in California is the face behind cryptocurrency buzz, the man denied and the mystery continues.
Another name who was supposed to benefit from the name and fame of cryptocurrency is Craig Wright. This man who claimed that he is the man behind bitcoin is from Australia. In 2014 when police raided his office and house and found some mysterious documents related to bank transactions and bitcoins, suspected him to be the real Satoshi. Also, later in is blogs it was found that he used special key combination to make his signature which took him closer to Satoshi Nakamoto signature style but later when experts studied they refuted it and denied accepting Craig Wright as the founder of Bitcoin and he is not liable to claim millions of bitcoins waiting for real Satoshi to claim and benefit.
Nick Szabo a computer scientist from the University of Washington was the first scientist to introduce digital currency “Bit Gold” in 1998. Though this currency never implemented it is always assumed to be the precursor of ‘bitcoin’. With the evolution of bitcoin, people have started speculating that Szabo is the real man who has founded bitcoin but Szabo himself denies this identity game and never accepted it. It seems he was never interested in utilizing pseudonym Satoshi Nakamoto to advantage his personal needs.
Hal Finney is a passionate cryptographic engineer since bitcoin era and still continues his job with real dedication and determination. He was always interested in digital currency and bitcoin attracted him to the most and he too invested his figures. His special cryptographic skills benefit bitcoin software and helped in reporting bugs and helping clients in the transaction process. He is a true admirer of digital currency and the first person who has done a bitcoin transaction. This fact speculated and his deep information in bitcoin industry kept under a screen and people thought that he could be Satoshi Nakamoto. Also, his writing style is very similar to that of Satoshi Nakamoto but later it was found through his email chats that multiple times he and Satoshi shared chat box which clearly explains he is not Satoshi Nakamoto.
Elon Musk is another name who joined the army of people who claimed to be Satoshi Nakamoto, founder of CEO. Though Elon himself denied this rumor and thickened the mystery of Satoshi Nakamoto to continue. Elon Musk is a reputed investor, engineer, and inventor. He is the lead designer and founder of SpaceX and numerous other organizations. Musk is a highly reputed individual in the business world. It was a blogger named Sahil Gupta who claimed Musk to be the real creator of bitcoin and impressed him to accept the claim. But the humor of the story is Musk admits that he lost few of his bitcoins and clearly proved wrong to all the rumors spread by Sahil Gupta. Thus the claim is false and the mystery continues.
Till now there are five people who claimed or were suspected to be the fathers of Bitcoin, but the search for the real identity behind the buzz of cryptocurrency, Bitcoin is moving ahead. Why is Satoshi Nakamoto hiding his identity? This is unknown but all that can be derived is maybe he wants to keep himself away from the limelight of bitcoin founder. As we know, Bitcoin is touching the skies and people are rolling over this modern money transaction method, the hype and attention may disturb the personal peace. Whatever the reason is, the search for finding Satoshi Nakamoto is still on and will continue till pseudonym meets its real identity.
Satoshi Nakamoto net worth
The unknown Bitcoin founder is on the list of richest person in the world. It is estimated to be that Satoshi Nakamoto is enjoying his or her fortune of around $ 17.2 billion which is sufficient to rank that anonymous person as one of the richest people in the universe. With an estimation of 980,000 bitcoins and rise or fall in its value, it can be seen that bitcoin founder is having a roller coaster ride in sense of wealth and the everyday new record is to be set and along with that anonymous person, millions of people are too benefiting it.
Since 2009 creation of bitcoin its value experienced rise for 20 times in 2017. Though this investment is speculative, as per expert Ronnie Moas an independent research analyst, bitcoin price will experience skyrocket rise of approximately $300,000 to $400, 000. And if this proved to be right, bitcoin inventor will enjoy unimaginable wealth.
Satoshi Nakamoto White Paper
It was on 31st October 2008, Satoshi Nakamoto white paper was published that explained the nuances of bitcoin and peer to peer currency transaction. This white paper was popular as “Bitcoin: A Peer to Peer Electronic Cash System”. In this publication, Satoshi Nakamoto, the anonymous bitcoin founder has explained how digital currency came into existence and how this method of transaction is extremely safe. With no third party involvement entire transaction is being made online from one party to the other following a signature key that is unique to a particular user.
Also, the equation and calculative method are explained that simplifies the concept of cryptocurrency and develops the trust among users. As no financial institution is involved in the entire bitcoin transaction, there exists a server that keeps the record of all transaction and there is no chance of fraud and misleading transaction.
Satoshi Nakamoto white paper is a complete detailing of cryptocurrency that brought a boom to the digital currency world.
Satoshi as a currency
Satoshi is the smallest fraction of Bitcoin and named after the creator Satoshi Nakamoto. It is the smallest unit which stands of one hundred millionth of a Bitcoin i.e. (0.000000001 BTC) in bitcoin digital currency world, every amount before displaying is converted into Satoshi denomination and then proceed further. It is an important and most calculative unit till today without Satoshi unit readability of amount especially in byte becomes quite difficult. For granular payments, millisatoshi is used and today the net worth of 1 Euro Cent is 83 Satoshi.
To Sum it Up
Even though the mystery of Bitcoin founder, Satoshi Nakamoto still continues there is an expectancy that one day he or he will come forward and claim their millions but till the fruitless search is on. In the history of the world economy, the boom Bitcoin experienced is smoothing remarkable and worth appreciating and upon it, the hidden face attracts the subject deeper. Let us celebrate the modern digital currency world with Bitcoin and join the group of people who are keen on finding the true identity of Satoshi Nakamoto.
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