BUSINESS

Satoshi Nakamoto: The Secret Identity Of Bitcoin’s Creator

Bitcoin has been around since 2009 and has grown beautifully ever since. Back when it was first introduced, no one really knew what the future holds for the up-and-coming digital currency. While there were those were sceptical about Bitcoin, there are also those who supported it.

If you followed every single article the media had posted regarding how ‘Bitcoin is dead’, you would’ve probably have lost count already. Luckily, Bitcoin is always there to prove the media wrong. Six years ago, Bitcoin was only valued at a few cents but now, it has grown rather beautifully with a value of $645 to one bitcoin. While the future of Bitcoin remains difficult to predict owing to its volatility, with the way it is going, it is safe to assume that Bitcoin will stick around in the future or you can even say that the future belong to Bitcoin.

People who are still new to Bitcoin often have lots of questions they want answered such as “how does Bitcoin work?” or “what is blockchain and the bitcoin network?” Experts would be able to easily answer these questions but if there is one question about Bitcoin that remains to be answered today it would probably be about Bitcoin’s creator, Satoshi Nakamoto.

Just who exactly is Satoshi Nakamoto? Everyone knows he invented the Bitcoin. Satoshi Nakamoto invented the bitcoin protocol and published a paper through the Cryptography Mailing List back in 2008. Afterwards, he released the first version of the bitcoin software client in 2009 and worked with several people on the project. But he never really bothered telling the world about his identity, making sure nobody knew about it.

By 2010, he started fading out of the Bitcoin scene and in 2011 he said he was moving onto other things.

Up till now, his identity is still a secret. While his name is definitely Japanese, it is highly likely that the person behind the name is not. There is even no guarantee that this person is male. There had been a number of names linked to Satoshi Nakamoto but in the end, all people can really do is guess.

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