Satoshi Nakamoto Invented Bitcoin
The name "Satoshi Nakamoto" is an alias. We don't actually know who Satoshi is. That's about all we know about Satoshi. Well, we know a little bit more. The alias is about as personal as we can get when it comes to the creator of bitcoin. There is plenty of speculation around his identity, with some even believing Satoshi to be more than one person. Multiple people were involved in the early days of the bitcoin code. Some theorists think that bitcoin was created by multiple developers or that Satoshi at least relied heavily on a select few other individuals when getting bitcoin off the ground.
Here Is What We Do Know About the Creator of Bitcoin
Satoshi created bitcoin between 2007 and 2008. He reached out to cryptographer and cypherpunk Adam Back via email in either July or August of 2008 for feedback on bitcoin. Satoshi then reached out to a larger list of cryptographers on October 31, 2008.
Satoshi was likely aware of previous attempts at digital money. These included Back's hashcash, Nick Szabo's bit gold, and Wei Dai's b-money. Prior to bitcoin, the central problem with attempts at digital money was that it was difficult to prevent people from copying or double-spending the currency. Satoshi solved the double-spend problem with bitcoin.
The Early Bitcoin Code Was a Collaboration
Bitcoin's initial code development was a collaboration between Satoshi and other developers like Gavin Andresen. These others helped support the bitcoin network through their own work on it. Satoshi communicated with several of these early collaborators in online forums or via email. He did not reveal any personal information in their conversations.
Should We Care About Satoshi's Identity?
So, we don't know who Satoshi is. Does that matter? Should we even care about his identity? The short answer is no. His identity will not impact the future of bitcoin. The world's largest cryptocurrency works because of the way that Satoshi designed it. Bitcoin does not need a leader.
We can care about Satoshi though. It's interesting to speculate on who he might be or even might have been. For example, Hal Finney was a brilliant developer and early bitcoin collaborator. Finney passed away in 2014 though. Some think that he could have been Satoshi Nakamoto.
Satoshi Nakamoto Left His Mark on Bitcoin
Regardless of Satoshi's identity, he left his mark on bitcoin. Sure, he created the initial code, but he also got his name in there too. The smallest unit of bitcoin is named after him. One "satoshi" represents one hundred millionth of a bitcoin. The identity of Satoshi Nakamoto remains a mystery to this day and bitcoin continues on.
Discover more about bitcoin by learning how the cryptocurrency is mined and comes into existence.