Who is Satoshi Nakamoto?
Satoshi Nakamoto is the person behind the creation of Bitcoin. Bitcoin is the first decentralised cryptocurrency.
Even though he became a creation of new innovation in a digital world. Still, his true identity remains unknown.
Bitcoin background:
Satoshi Nakamoto introduced Bitcoin in 2008 and released a whitepaper titled “bitcoin peer to peer transactions”.
In the white paper he mentioned, it is a digital and decentralised currency. It doesn't rely on a central authority like banks, governments, etc.
It is a transparent and decentralised currency, its transaction is validated through a public computer called nodes.
Bitcoin Public ledger:
All Bitcoin transactions are validated through nodes and recorded in a public ledger called blockchain.
Every user's bitcoin (Buy Bitcoin) transaction is validated by bitcoin miners, miners means those who are involved to validate transaction details.
Then every transaction details is recorded in a public notebook like a ledger called blockchain. Anyone can see these blockchain details.
How much is satoshi worth?
Satoshi has determined to keep nearly 1 million bitcoins, that's total value worth up to billions of dollars.
But this is also the information that is added in the list of satoshi’s mysteries.
Mystery of satoshi:
Until now Satoshi's face was not revealed and it became a mystery. Also no one can confirm if he is a real person or not. But some of them are suspected as a satoshi nakamoto
To know more about satoshi nakamoto,
Click here to read a full guide about satoshi: Who is Satoshi Nakamoto?
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