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Mysterious Creator Of Bitcoin Cryptocurrency Finally Unmasked

by : UNILAD on : 02 May 2016 10:59
bitcoin-wtbitcoin-wtNairametrics

Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto, the BBC reports.

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Mr Wright has finally put to bed years of guesswork over who created the digital currency. Bitcoin allows people to trade peer-to-peer which has led the U.S. Treasury to categorize bitcoin as a decentralised virtual currency.

He proved his claim with Bitcoins that can only have belonged to the Bitcoin’s creator.

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He showed the digital keys used in the first bitcoin transaction to BBC tech reporter Rory Cellan-Jones:

The Bitcoin community and development team have also backed up the entrepreneur’s version of events – meaning Chris is almost certainly the man behind the world’s largest digital currency.

physical-bitcoinphysical-bitcoinMike Cauldwell

It remains to be seen whether the big reveal will affect the price of Bitcoin. It seems doubtful that it’ll return to the heady highs of $1,147.45 (£692.73) per coin in 2013.

At the time of writing, a Bitcoin is currently worth $443.43 (£303.38) each. Time to start checking those old hard drives.

Topics: News

Credits

BBC
  1. BBC

    Craig Wright revealed as Bitcoin creator Satoshi Nakamoto