Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin’s original reference implementation. The creation of the first blockchain database is also credited to Satoshi Nakamoto only.
In October 2008, Bitcoin creator Satoshi Nakamoto came into public eyes when he published a paper on the cryptography mailing list at metzdowd.com depicting a virtual cryptocurrency, titled “Bitcoin: A Peer-to-Peer Electronic Cash System”. As per some claims, Nakamoto started working on Bitcoin as early as 2007 and had asked a colleague to register the domain name ‘bitcoin.org’. In 2009, when Bitcoin’s version 0.1 was released, Satoshi kick-started the blockchain network by mining the genesis block of the Bitcoin network.
Over the early months, Nakamoto actively collaborated with other technical experts and updated the Bitcoin source code all by himself. In mid-2010, Satoshi handed over control of the source code repository and network alert key to Gavin Andresen. He also transferred crucially related domains to various prominent members of the bitcoin community. This marked the beginning of his retirement from the Bitcoin frontline. Soon Satoshi withdrew his involvement from the project, leaving behind a legacy of speculations. Till October 2020, Satoshi’s bitcoins have been unspent, apart from those used during trials and experiments.
There are multiple claims regarding the real identity behind the pseudonymous Satoshi Nakamoto. Over the years, multiple cryptographers and software-savvy individuals have been speculated to be the legendary Bitcoin creator Satoshi Nakamoto. Even the much-celebrated businessman and SpaceX founder, Elon Musk, was once alleged to be the man behind this pseudonymous identity.
Individuals who have been in touch with Satoshi before his retirement from Bitcoin’s stage have always talked about a mysterious persona associated with him. Satoshi never discussed anything about his personal life and kept his talks reserved to Bitcoin’s technical aspects or a few comments on the banking system. While Satoshi has himself claimed to be Japanese, this is often debated owing to his deep understanding and a strong grasp of the English language. This has resulted in most of the alleged Satoshi Nakamotos to be of a non-Japanese descendant.
In the crypto price boom of 2017, Satoshi became the world’s 44th richest person when his Bitcoin assets’ total valuation was estimated to be worth over US$19 billion.