The identity of one of the greatest secrets concerning the digital currency world is that of the person who developed bitcoin. In 2008, a white paper titled "Bitcoin: Then a peer-to-peer electronic cash system called Satoshi Nakamoto came up. It came up with an idea of decentralised digital money leading to what is now called bitcoin.c
However, as of now, it is not yet clear the identity of the person or persons behind the name Satoshi Nakamoto. However, it is still unclear whether Nakamoto implies an individual or many people who may have acted in tandem. However, there is a continuous work on discovering the owner of this name, but nobody has got a clue about who Satoshi Nakamoto truly is.
Indeed, Nakamoto has devised an ingenious method for overcoming the trust deficit challenge that pervades conventional monetary systems with their centralised orientation. The bitcoin system functions on distributed decentralised networks comprising multiple computers without any governing entity while leveraging block chain technology for recording irreversible transactions.
And gradually, the mythical initiator disappeared from sight. He ceased communicating with anyone at all, as an increasing amount of programmers and adherents assumed their responsibilities. Other than creating bitcoin, Satoshi Nakamoto remains legendary in the land of blockchain technology which provides inspiration to most alt-coins.
Even so, there is much talk about whose identity it is that belongs to Nakamoto. However, this has just added to the mystery of Bitcoin storyline. People have been growing cryptocurrency organically, adopting it as contributors of a decentralised vision in accord with the cryptography white paper. They are one among many who made an everlasting impression into the financial industry whether they were individuals or groups. Now, there is a new revolution which raises doubts relating to the essence of trust in addition to funds.
