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IN Science & Technology ON 05 May, 2016
Bitcoin happens to be the payment system invented by Satoshi Nakamoto, or someone who just goes by that name. The invention was published in 2008 and has been categorised by the U.S. treasury as a decentralised virtual currency. But, you'd be surprised to know that Bitcoin is the largest of its kind according to the total market value.
Also known as the cryptocurrency, Bitcoins are traded electronically, like the dollars, euros, yen, which are also traded digitally. But, now someone has claimed to be the Satoshi Nakamoto of Bitcoin, that is, the inventor. BBC has revealed him.
Craig Wright has claimed that he is one of the inventors of Bitcoin. But, we want a proof before we can know if this is actually the person.
Seemingly, he has the access to blocks of bitcoins which are produced by the currency's creator.
Researchers and believers think that the creator Nakamoto might have 1 million bitcoins, worth about US$440 million! Whoa! To put into a better perspective, let me tell you, one Bitcoin equals about 448.39 US Dollars.
"Our conclusion is that Mr Wright could well be Mr Nakamoto, but that important questions remain," the magazine said, "it may never be possible to establish beyond reasonable doubt who created bitcoin."
"I was the main part of it, but other people helped me", he was reported as asserting.
In a blog post, Wright wrote, "This incredible community's passion, intellect and perseverance has taken my small contribution and nurtured it, enhanced it, breathed life into it".
"Satoshi is dead," he said. "But this is only the beginning."