• The pseudonymous inventor of bitcoin, Satoshi Nakamoto, who has yet to reveal their identity, may have indicated that they are still active in the cryptocurrency market.

    Bitcoin was the first decentralized cryptocurrency – a digital currency generated, or ‘mined’, when a computer solves a complex mathematical problem – and was invented after Nakamoto wrote a white paper on the subject.

    Each cryptocurrency can be tracked online on a publicly viewable ledger called a blockchain.

    On 20 May, a tweet from a cryptocurrency transaction tracking account suggested that 40 bitcoins ($391,055) were transferred from an account that had been dormant since 2009.

    “The coins in this transaction were mined in the first month of Bitcoin’s existence,” the account said.

    Bitcoin just ‘halved’ in one of the biggest events of its history
    Speculation quickly grew that the funds could belong to one of the early bitcoin miners, such as Satoshi Nakamoto.

    The account, which generated the coins on 9 February 2009 when they were worth zero US dollars, moved them on 20 May 2020.

    Satoshi’s identity is controversially claimed by Australian tech entrepreneur Craig Wright, who in 2016 said that he would release information verifying that he is the founder of bitcoin. As of writing, such evidence has not been reliably produced, but he has said in the past that he would sue doubters of his claim for defamation.

Log in to reply