Who Is The Person Behind Cryptocurrency?

With the huge popularity that cryptocurrenc has gained over the years, the person behind this ground-breaking feature should be named the man of the century. However, up to this point, the man who brought cryptocurrency to life has yet to surface and identify himself to the public. There are many reasons why he, or she, wouldn’t do it, but perhaps there are important things to consider before revealing his or her true identity.

Satoshi Nakamoto: The Person Behind Bitcoin

As we have already mentioned here in NeoGuide, Bitcoin can be considered as the pioneer when it comes to cryptocurrency, being the first widely accepted digitized cash on the Internet. The creation of Bitcoin is somehow still shrouded in mystery, believe it or not, and even the person who created it still does not have a confirmed identity.

Although, whoever gave birth to Bitcoin used the name Satoshi Nakamoto. The thing is that this name can easily be an alias so that the creator can protect himself against entities out there who have nasty intentions. It is also possible that this certain Satoshi Nakamoto does not only pertain to one person, but a group of indivduals who actually paved the way for Bitcoin.

How Bitcoin Was Born

Now, this Satoshi Nakamoto is believed to have designed Bitcoin by creating its original reference implementation. One important part of Satoshi Nakamoto’s implementation is the devising of the first blockchain database for Bitcoin, wherein the issue of double-spending for digital currency must be solved first before making Bitcoin an acceptable medium of exchange. Satoshi, and perhaps his associates, are said to be done in developing this blockchain database by December 2010.