New Delhi: These days everyone knows one of the most popular cryptocurrencies named Bitcoin. Several people invest in Bitcoin and make a good amount. However, the Indian government is mulling to introduce a law to regulate cryptocurrency.
Notably, many of us know about the Bitcoin and how it works, but does anyone know about the people who introduced it. Many of us will say Satoshi Nakamoto, but does anybody know was he? Let's find out.
Satoshi Nakamoto is just an anonymous person, about whom no one really knows.
In 2008, a man named Satoshi Nakamoto brought out a 9-page white paper, which talked about the vision of Bitcoin. One is a cash system which can work while remaining out of reach of the government.
A few months later, Satoshi released software that allowed users to mine Bitcoins. Satoshi Nakamoto, the discoverer of Bitcoin, mysteriously walked out of this whole picture of crypto in 2011.
Reportedly, he just sent an email to his fellow developer stating that now he has moved on to something else i.e. now he is working on some other project. It is believed that Satoshi Nakamoto has mined around 1.1 million Bitcoins before leaving.
It may come as a surprise that in a rapidly advancing technological world, one person creates the best digital models, a model that is full of mysteries, a model on which even governments cannot keep an eye and it was even more surprising that, no one knows, who introduce it.
Interestingly, from time to time, many people have been suspected of being Satoshi, some claimed to be Satoshi himself, but the reality is that till date it is not known, who was Satoshi Nakamoto and whether he exist or not prsesently.
Bitcoin is a type of cryptocurrency where 'Crypto' means 'secret'. It is a digital currency, which works according to the laws of cryptography. It is also known as digital currency which one can't touch it.
Bitcoin was introduced in 2009 and the price of Bitcoin is increasing continuously.
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