The Benefits of Bitcoin Introduction
The question about the identity of the person who gave us one of the most groundbreaking technologies of the 21st century has been puzzling many people for more than a decade. We are all aware that Satoshi Nakamoto is the pseudonym of the author who published Bitcoin whitepaper in 2008, and invented the first cryptocurrency based on blockchain technology. Because of his actions, the cryptocurrency market became open for many new possibilities. For instance, the holders of Bitcoin got the chance to use it when making online investments. Before Bitcoin was introduced as a payment method, money transfer between countries had been much more complicated because of currency conversion. Nowadays many crowdfunding platforms such as Tecra Space are introducing cryptocurrency as means of payment, which leads to many positive results. For example, there is the increase in the number of people who decide to invest in new technologies. It gives scientists the possibility to introduce breakthrough solutions changing our everyday lives. However, the question is who actually hides behind the pseudonym Satoshi Nakamoto and stands behind this phenomenon?
The Efforts to Reveal Satoshi Nakamoto
In 2009 the launch of Bitcoin took place in the world, whereas 2011 was the year when Satoshi Nakamoto disappeared. The mysterious name stopped writing email communications, forum posts and quit contacting the world. There are many theories concerning who the most important person in the history of Bitcoin can be. One of them says that Satoshi Nakamoto is a Japanese man who was born on April 5, 1975. Dorian Nakamoto, Nick Szabo and Hal Finney are also claimed to have found Bitcoin. According to another group of people, the father of the cryptocurrency is not an indyvidual, but a group of computer scientists. In 2016, the Australian entrepreneur Craig Wright even showed the BBC a unique digital signature used in the first Bitcoin transaction to prove that he is the creator of Bitcoin. Nevertheless, despite many speculations about the identity of the person whose actions led to breakthrough on the cryptocurrency market, there is no credible evidence that would fully confirm at least one of the theories. Some people believe that the most probable scenario is that Satoshi Nakamoto died, and it is the reason why he disappeared without trace.
Satoshi Nakamoto and His Net Worth
There are still many concerns about the identity of the mysterious founder of the first and most famous cryptocurrency in the world. Although we do not even know if he is dead or alive, one thing is for sure, he HODLs a huge amount of bitcoins. Technologists managed to find the place where Satoshi has been storing his bitcoins. At this point Nakamoto is the owner of around one million bitcoins that are worth around $40 billion (as of January 2021), which makes someone who hides behind this pseudonym one of the richest people in the world.
article written by: Z. Piwowar