Satoshi Nakamoto

While the community has been sceptical of Craig Wright's claims to be Satoshi Nakamoto, he may now prove them wrong. The self-proclaimed Bitcoin creator wins a lawsuit for around 1,100,000 BTC, proving that he is the owner of the very first Bitcoins to be mined.

The Chinese crypto community seems to flourish, as judged by the number of billionaires that are the country’s natives. Indeed, half of the top 10 richest crypto owners originate from the Communist Republic.

When cryptocurrency was first rolled out 11 years ago, the world showed distaste for the new mode of payment. Many countries marked it illegal, while most big companies took it as a “joke,” but things soon changed. Some of the world’s biggest brands now have or plan to have their own crypto or at least accept it as a medium of payment.

On May 20, an anonymous user moved 50 Bitcoins from a wallet that remained idle since February 2009. The community was in turmoil, while the BTC price dipped instantly. Was that Satoshi Nakamoto?

The birth of cryptocurrency including Bitcoin traces back to the times of the Bretton Woods system of monetary management back in the 1970s. However, regardless of its positives, the system had some weighty weaknesses that ultimately led to its end on August 15, 1971.

Craig Steven Wright, the person calling himself Satoshi Nakamoto and the chief defender at Bitcoin SV, is expected to get the keys to over 1,000,000 BTC by next week. The blockchain and digital currency ecosystem is waiting to see how this will go. If Craig is right, the unlocked Bitcoin money worth over $8 billion at the time of writing could flood the whole digital currency market.

Dr. Scott Stornetta is the blockchain co-inventor quoted in the Bitcoin whitepaper written by Satoshi Nakamoto, who created the first cryptocurrency in 2009.

Almost every month or every year, a new theory about the real creator of Bitcoin appears. If we are to mention the names of people and companies that are on the list of those claiming to be Satoshi Nakamoto, we would write until the cows come home. As we speak now, another theory has also emerged, but this time it appears to be somehow convincing in the ears of the cryptocurrency participants, as well as making waves in the digital currency world. The theory is about the fiction author Neal Stephenson, signifying that he is actually the true Bitcoin creator.

It’s now a decade since the first cryptocurrency was created, but up to this second, the real creator of Bitcoin popularly known as Satoshi Nakamoto, has never been identified or come out to evidently identify himself, and this has turned out to be one of the largest mysteries in the blockchain industry.