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.
As the day goes by, new people claiming to be “Satoshi Nakamoto” the real maker of bitcoin emerge, and this time around, another instance has happened on Thai TV. The videotape displays an outstanding event at the Wat Phra Dhammakaya, where a prominent monk resembles Dorian Nakamoto. However, Dorian has refuted all the allegations saying he is the developer of Bitcoin. His epochal face has been frequently used to illuminate the unknown Satoshi.
Blockchain enables us to use Bitcoin in transferring value in a secure, immutable and transparent way. It is now around ten years since when Bitcoin was created by Nakamoto Satoshi, but in this short period, various authorities have managed to come up with ways in which blockchain can be utilized to the fullest. Now, Siemens AG, a German global conglomerate firm and the biggest industrial manufacturing firm in the continent of Europe, has started its journey of evaluating blockchain for different business use cases, such as modernizing the carsharing market.
A report by GoDaddy shows that an unidentified individual purchased Loser.com, a domain worth more than $21,000, and he/she has used this particular platform to violently mock Craig Steven Wright, a 49-year old businessman from Australia claiming to be Nakamoto Satoshi, the original Bitcoin inventor.
Most Bitcoin users know how it works, its value, the tech behind it, its pros and cons, the risks associated with it, but nonetheless, they also need to understand where Bitcoin came from (its real origin), how, when and who developed this groundbreaking idea, and this will further help the cryptocurrency community to determine where Bitcoin and the blockchain industry is heading.