The Creators of Bitcoin - Are They Aliens?
Oct 21, 2017 Posted / 9433 Views
In the year 2009, Bitcoin breathed life into the pioneering academic model of cryptocurrency. From there on, the idea of electronic currency has taken the flight, redefining the ease of doing cashless transactions, and bringing transparency in business monetary exchanges. With Bitcoin being the first decentralised currency, as of now, there are thousands of cryptocurrencies operating globally. The core of any decentralised cryptocurrency is the Blockchain technology that acts as a digital, distributed ledger to manage records of transactions.
Since Bitcoin is a decentralised currency, unlike banks, there is no central banking or financial institution (even the government) controlling the flow of currency, by printing flat money in line with demand and many other facets. Here, there are restrictions on creating Bitcoins, not even by the governments. This underlying technical system was designed and developed by an anonymous group or maybe he or she is an individual known as the Satoshi Nakamoto. However, the real founder of Bitcoin is still unknown.
The name is given to the unknown revolutionary team or the individual who is the brain behind Bitcoin, designing and developing every inch of this cryptocurrency for a better digital world. Moreover, he or she also devised the plan of Blockchain implementation to maintain the records of Bitcoins send and received over the network. And, Satoshi Nakamoto also played a pivotal role in resolving the tricky problem of double-currency prevailing with digital currency for quite some time; Nakamoto was active until December 2010.
Many worldwide sources claimed that Satoshi Nakamoto is a Japanese man, born on 5th April 1975. He created Bitcoin in Japan. However, most of the speculations were made, taking into account the computer science experts and cryptography researchers around the world, specifically in Japan, Europe, and the United States of America.
As per the latest hot discussions, 24th May 2017, the proclaimed founder of Bitcoin according to the global media houses, Nakamoto own around one million Bitcoins, with a value of $4 billion USD ( September 2017)
It's in October 2008, when Satoshi Nakamoto published a research paper about the model of cryptography on metzdowd.com unfolding every aspect about the upcoming Bitcoin digital currency. The title of the paper was ‘Bitcoin: A Peer-to-Peer Electronic Cash System,’ even before the launch of Bitcoin, it became an online sensation. Then, in January 2009, Nakamoto secretly released the first cryptocurrency software, with the name Bitcoin software, also released five unit of Bitcoins. At the time, the version of Bitcoin software was 0.1 on 9th January 2009.
He also claimed that the project of coding Bitcoin was started during the first half of 2007, he knew at the time of unliving the Bitcoin digital currency, would support a wide variety of transaction types. The implementation of the specialized codes and data fields start through utilizing a predictive script.
The founder of Bitcoin, Nakamoto also developed a website with the registered domain name, bitcoin.org. And, continually, building healthy relationships with expert coders across the globe till the first half of 2010. Somewhere around that time, he passed the network alert key and the source code of Bitcoin to his most trusted employee, Gavin Andresen, who played a critical role in developing Bitcoin. Besides, the codes, Nakamoto also handed over several domains created for Bitcoins to other eminent members of the Bitcoin community and separated himself from just about everything centring around Bitcoin. Just before unhooking himself all the responsibilities of Bitcoin, he made all the modifications necessary for smooth oration of the software.
As we know, a Bitcoin is neither created nor destroyed, just mined by people, Satoshi Nakamoto left the message,’ The Times 3 January 2009 Chancellor on brink of the second bailout for banks,' after mining the first block of Bitcoin. Unlike, other blocks, this mined block was different as there is no reference block, he used the custom code to mine it.
As per the recent data of the Blockchain transaction log, all the knowns of the founder of Bitcoin has roughly around one million bitcoins, worth $4,053,500,000
Satoshi Nakamoto never disclosed his personal identity in public, when discussing technical matters online. He was quite active over the Internet, giving his experienced views on banking and financial set-up of the world. According to his P2P profile, Nakamoto is a Japanese guy, who is 38 years of age (2012). However, many said, he can’t be a Japanese since his English is good, Bitcoin the software was not documented in the Japanese language.
Phrase such as “Bloody Hard” in both the source code of Bitcoin and his forum postings suggested that he was of Commonwealth origin
A swiss coder, Stefan Thoma monitored the timestamps of the founder of Bitcoin forum postings and suggested that Nakamoto was in North America that fall within the Eastern Time Zone and Central Time Zone.
From the above, its right to conclude that Bitcoin is developed by an Alien. Because, the term Alien in Oxford dictionary signifies ‘something unknown,’ and the brain of Bitcoin is also a mystery- The known.
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
Hottest Blockchain Newsletter
For updates and exclusive offers, enter your e-mail below.