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Who Is Satoshi Nakamoto: 5 Facts Probably You Didn’t Know!

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Today, every person is familiar with cryptocurrencies, the most popular one being “Bitcoins”. Satoshi Nakamoto is told to being the founder of bitcoin. He is the one that is responsible for writing the bitcoin code.

Who Is Satoshi Nakamoto?

The first-ever bitcoin was mined on January 3rd, 2009. This marked the creation of the world’s most popular cryptocurrency. Till today Satoshi is being treated as a mystery person and no much information is available about him. In this article, let’s talk about some interesting facts about the bitcoin creator.

Who Is Satoshi Nakamoto 5 Facts Probably You Didn’t Know

Satoshi Nakamoto May Not Be A Single Person 

Earlier bitcoin developers pointed that Satoshi Nakamoto may not be a single person. There could be more persons involved in the development of the bitcoin code. It is not even known that the so-called satoshi is male or female. Satoshi only communicated digitally via emails and forums, no communication over the phone or in-person to any bitcoin user is traced to date. Some sources claimed that he is a Japanese national born on April 5, 1975.

Satoshi Nakamoto is Derived by Joining Letters of Four Brands

As the true identity of the bitcoin founder is unknown till the date, some sources suggest that even the name Satoshi Nakamoto is derived by joining the first letter of four famous brands.

 Samsung and Toshiba – Satoshi

 Nakamichi and Motorola – Nakamoto

This derivation even made a claim that the bitcoin code is developed by the effort of the above four brands.

The Number of Bitcoin Satoshi Nakamoto Owns

Another interesting fact about Nakamoto is about the number of bitcoins he owns, It is said that he owns 1 million bitcoins, which makes a net worth of 2.6 billion US Dollars. It is also said that only about 500 bitcoins have been used or spend. This gives bitcoin the title of “Ponzi Scheme” because the founder itself owns a significant share.

Satoshi Nakamoto Is Actually Dead

Some sources also claim that Satoshi Nakamoto is actually dead. In order to support this, they put forward an argument that the first bitcoin transaction was done by Satoshi Nakamoto and the person who receives it was Hal Finney. Hal Finney passed away in 2014.

Smaller Units of Bitcoin

Bitcoins can be divided into smaller units, the smallest unit is called “satoshi”. Satoshi represents one hundred millionths of a full bitcoin.

The founder of bitcoin disappeared from the crypto community in the spring of 2011. Till then the identity of Satoshi Nakamoto existed as a mystery. Even if the plausible Satoshi came out to reveal his identity, he will probably have to deal with all the ongoing doubts to prove his identity. I am damn sure that anyone who is engaged with Bitcoin or other crypto coins have the doubt about the mysterious founder of Bitcoin, Satoshi Nakamoto. Here we revealed some of the interesting facts about the Bitcoin creator. 

Gerald Rene is a journalist based in the US and the former managing editor of a cryptocurrency news outlet. He has been involved in the cryptocurrency industry for over three years. He has written for many outlets and contributed to cybersecurity and technology publications. And his passion currently lies within scalable securities and stability protocols to help grow cryptocurrency investment and bring mass adoption.

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