May 19, 2024

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Satoshi Nakamoto Identity remains Unknown

Satoshi Nakamoto

Satoshi Nakamoto remains unknown more than 10 years after the development of Bitcoin. The white paper, the first official mention of his name, contains the concepts of blockchain and solves the double-spending problem for any digital currency using a peer to peer network.

Participation of Satoshi Nakamoto into Bitcoin project

The first block, i.e. the genesis block of bitcoin, was mined by him into the bitcoin network on 3 January 2009 and had a reward of 50 bitcoins. After that the bitcoin network started to have transactions.

Satoshi Nakamoto was active in the development until December 2010 and not disclosed any personal information when discussing technical matters.

Main Distinctions

Who is Satoshi Nakamoto? Satoshi Nakamoto is an unidentify figure, who to this day is not known with certainty if he is a person or a group of people or researchers from the development of the bitcoin project.

According to Wikipedia, he has an approximate of 1 million accumulated bitcoin, in addition to having several distinctions, among which are the award for innovation, from the Economist.

He was also nominated in 2016 to receive the Nobel Prize in economics, however he did not qualify because an anonymous or unidentified person cannot receive a Nobel Prize, however, he is still a candidate for various awards and distinctions worldwide.

His notable work: The Bitcoin Project

The Bitcoin project has proven to be very robust, to such an extent that the project is currently more than 11 years old and its worldwide adoption continues to increase every year.

However, few users of the Bitcoin network even know of its creator, since the use of the network is very wide and the commissions of the miners also continue to increase, although the knowledge of the protocols and use of the blockchain remains in a small group.