Bitcoin origin story. The Bitcoin craze, which has managed to leave its mark on the economy in recent years, actually emerged 15 years ago. Someone named Satoshi Nakamoto talked about Bitcoin as an electronic currency in an article he published on the site metzdowd.com with the title “Bitcoin: A Peer-to-Peer Electronic Cash System”.
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The article explained the basics of blockchain technology while introducing Bitcoin as a currency. This was a brief article, only nine pages long, written in an academic style, with a summary, introduction, and conclusion; but it laid the foundation for cashless payment.
Even though the article made its mark all over the world, today no one has been able to figure out who Satoshi Nakamoto is. Many theories have been produced about Nakamoto’s identity. Some said that Nakamoto probably came from England because he used the British English spelling of some words. It is also assumed that Nakamoto is a billionaire by tracking the amount of Bitcoin thought to be held in wallets connected to Nakamoto.
Other rumors have emerged over the years. In 2014, Newsweek claimed that a man named Dorian Nakamoto was the creator of the cryptocurrency, but he denied this. Meanwhile, Australian computer scientist Craig Wright publicly stated that he was the inventor of Bitcoin, while programmer Nick Szabo was also suggested as the real identity of the author.
It could not be proven that the people mentioned were Satoshi Nakamoto. In 2014, Nakamoto made his last post in a forum, saying, “I am not Dorian Nakamoto.”
While Bitcoin was officially launched in January 2009, Satoshi Nakamoto laid out the basic framework of the blockchain-based payment system in his 2008 article.
While the value of the crypto market has increased since the whitepaper was published, the total market cap of all cryptocurrencies is approximately $1.2 trillion.
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