Categories: International

Statue of Bitcoin founder Satoshi Nakamoto unveiled in Hungary

Hungary has unveiled the statue of Bitcoin founder Satoshi Nakamoto. The imposing bronze statue was unveiled in Hungary’s capital, Budapest. This is the first such statue across the world to pay homage to the creator of Bitcoin digital currency. It has been constructed in a business park near the Danube River in Budapest. The bust sits atop a stone plinth and is also engraved with the name of Satoshi Nakamoto, who is the pseudonym of the mysterious developer of Bitcoin whose true identity is still unknown.

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Creators of the statue:

Statue has been created by Reka Gergely and Tamas Gilly. They have portrayed a human form and have stayed true to the anonymity of Nakamoto, the person nobody knows how do they look like.

About the Bitcoin:

Bitcoin was created in 2008 in the backdrop of global financial crisis. Its aim was to circumvent traditional financial institutions by means of developing secure technology for peer-to-peer online transactions. It does not involve intermediaries like banks. The founding white paper published in 2008 and was authored by Nakamoto.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.