Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed bitcoin. Nakamoto was the first to solve the double-spending problem for digital currency using a peer-to-peer network. He was active in the development of bitcoin up until December 2010. As of March 2020, Nakamoto’s coins remain unspent since mid January 2009.
About Satoshi Nakamoto in brief
Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed bitcoin. Nakamoto was the first to solve the double-spending problem for digital currency using a peer-to-peer network. He was active in the development of bitcoin up until December 2010. As of March 2020, Nakamoto’s coins remain unspent since mid January 2009. At bitcoin’s peak in December 2017, these were worth over US$19billion, making Nakamoto possibly the 44th richest person in the world at the time. There is still doubt about the real identity of Satoshi Nakamoto. Many people have claimed, or have been claimed, to be Satoshi Nakamotor. He also lived a few blocks from a man named Dorian Nakamoto, according to Forbes journalist Andy Greenberg. He claimed to be a 37-year-old male who lived in Japan, but some speculated he was unlikely to be Japanese due to his native-level use of English and his bitcoin software not being documented or labelled in Japanese. The use of British English in both source code comments and forum postings has led to speculation that Nakamoto may be of Commonwealth origin. The reference to London’s The Times newspaper in the first bitcoin block mined by Nakamoto suggested to some a particular interest in the British government.
He then handed over control of the source code repository and network alert key to Gavin Andresen, transferred several related domains to various prominent members of the bitcoin community, and stopped his recognized involvement in the project. He has not disclosed any personal information when discussing technical matters. He provided some commentary on banking and fractional-reserve banking. Some have considered he might be a team of people: Dan Kaminsky, a security researcher who read the bitcoin code, said Nakamoto could either be a \”team of people\” or a ‘genius’; Laszlo Hanyecz had the feeling the code was too well designed for one person; John McAfee claimed Satoshi is ‘a team of eleven people’. There has also been speculation that he may have been a ghostwriter on behalf of Hal Finney, a pre-bitcoin cryptographic pioneer and the first person to use the software to use bitcoin’s ‘blockchain’ technology. He is believed to have written the white paper on how to create the bitcoin system. He may also have been the person who wrote the bitcoin white paper, and created and deployed bitcoin’s original reference implementation. He or a colleague registered the domain name bitcoin. org on 18 August 2008.
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This page is based on the article Satoshi Nakamoto published in Wikipedia (as of Dec. 24, 2020) and was automatically summarized using artificial intelligence.
