Satoshi Nakamoto
| Satoshi Nakamoto | |
|---|---|
| Fields | Digital currencies, computer science, cryptography |
| Known for | Inventing bitcoin, implementing the first blockchain, deploying the first decentralized digital currency |
Satoshi Nakamoto is the name used by the unknown person or persons who designed bitcoin and created its original reference implementation. As a part of the implementation, they also devised the first blockchain database. In the process they were the first to solve the double spending problem for digital currency. They were active in the development of bitcoin up until December 2010.
Nakamoto has claimed to be a man living in Japan, born on 5 April 1975. However, speculation about the true identity of Nakamoto has mostly focused on a number of cryptography and computer science experts of non-Japanese descent, living in the United States and Europe. One person, Australian programmer Craig Steven Wright, has claimed to be Nakamoto, though he has not yet offered proof of this.
As of 2 February 2017, Nakamoto is believed to own up to roughly one million bitcoins, with a value estimated at over US$1.6 billion.
In October 2008, Nakamoto published a paper on The Cryptography Mailing list at metzdowd.com describing the bitcoin digital currency. It was titled Bitcoin: A Peer-to-Peer Electronic Cash System. In January 2009, Nakamoto released the first bitcoin software that launched the network and the first units of the bitcoin , called bitcoins. Satoshi Nakamoto released the bitcoin software on Sourceforge on 9 January 2009. Version 0.1 was compiled using Microsoft Visual Studio.
Nakamoto claimed that work on the writing of the code began in 2007. The inventor of bitcoin knew that due to its nature the core design would have to be able to support a broad range of transaction types. The implemented solution enabled specialised codes and data fields from the start through the use of a predicative script.
Nakamoto created a website with the domain name bitcoin.org and continued to collaborate with other developers on the bitcoin software until mid-2010. Around this time, he 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 involvement in the project. Until shortly before his absence and handover, Nakamoto made all modifications to the source code himself.
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