Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator ‘Satoshi Nakamoto’. He confirmed that he created digital payment system bitcoins and provided technical proof for his claims. Bitcoin is the 1st decentralized digital currency.
Bitcoins is a virtual currency system in which users exchange bitcoins for transactions and ‘mine’ bitcoins by sharing their computing power. To process Bitcoin transactions, a procedure called “mining” must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution. There are currently about 15 million Bitcoins in existence.
Extra Info : The Bitcoin is invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009.
So lets discuss some questions related to this post :
1. Name the person who has confirmed himself as the creator of Bitcoin ?
Courtesy : Economic Times