Who developed bitcoin
bitcoin is the first currency to realize the concept of "secret currency". In 1998, Wei Dai first expounded the concept of "secret currency" in cypherpanks mailing list, that is, a new form of currency that uses cryptography principles to control the issuance and transaction of currency, rather than relying on the central management organization. In 2009, Satoshi Nakamoto published the first bitcoin specification and its proof of concept in the cryptography mailing list. At the end of 2010, Nakamoto left the project and did not disclose much about his identity. Since then, many developers have devoted themselves to bitcoin projects, and the bitcoin community has grown rapidly
Nakamoto's anonymous identity often leads to groundless worries, many of which are related to the misunderstanding of bitcoin's open source features. Bitcoin's protocol and software are published publicly. Any developer around the world can view its code or develop their own modified version of bitcoin software. Just like current developers, Nakamoto's influence is limited to the changes he makes that are adopted by others. Therefore, Nakamoto does not control bitcoin. So, today, the question of the identity of the inventor of bitcoin may be the same as that of the inventor of paper
up to now, bitcoin is only a small-scale large-scale socialization experiment, while Ruitai coin and Qianjin card are the experimental objects of bitcoin.
Bitcoin was founded on January 3, 2009
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
on December 17, 2017, bitcoin reached an all-time high of $19850.
On November 1, 2008, a person who called himself Satoshi Nakamoto posted a research statement on a secret cryptography review group, stating his new idea of electronic currency bitcoin came out, and the first transaction of bitcoin was completed. Bitcoin has got rid of the constraints of third-party institutions with the help of information technology, which Nakamoto calls "regional chain". Users are willing to dedicate the computing power of CPU and run a special software to be a "digger", which will form a network to maintain the "regional chain". In the process, they also generate new money. Trading also extends on this network. The computer running this software can solve the problem of irreversible code, which contains several trading data. The first miner to deal with the problem will get a 50 bitcoin reward, and the relevant trading area will join the chain. As the number of "miners" increases, the difficulty of each puzzle also increases, which keeps the proctivity of bitcoin in each trading area at about 10 minutes
different from the outside speculation that it may be a fictitious name, "Nakamoto Tsui" is a real name. He is a 64 year old Japanese American who likes to collect train models. He once worked for large enterprises and the U.S. military and engaged in confidential work. In the past 40 years, Nakamoto has never used his real name in his life. According to a 1973 Los Angeles District Court file, when he graated from Caltech at the age of 23, he changed his name to Dorian prentice Satoshi Nakamoto. From then on, he no longer used the name "cong", but used Dorians Nakamoto as his signature
Nakamoto invented bitcoin
on November 1, 2008, a person who called himself Nakamoto Tsung published the white paper bitcoin: a peer-to-peer e-cash system on the P2P foundation website, stating his new idea of e-money bitcoin came out
in 2009, Nakamoto designed a digital currency, namely bitcoin. The booming bitcoin market has gone up and down, and the identity of its founder "Nakamoto" has always been a mystery. Rumors about "the father of bitcoin" involve from the US National Security Agency to financial experts, and also give bitcoin a mysterious aura
extended data:
starting from the essence of bitcoin, the essence of bitcoin is actually the special solution generated by a bunch of complex algorithms. A special solution is one of the finite solutions of a system of equations. Every particular solution can solve the equation and is unique
in the metaphor of banknotes, bitcoin is the number of the top word of a banknote. If you know the number of the top word on a banknote, you have the banknote
and the process of mining is to constantly seek the special solutions of the equations through huge amount of calculation. The equations are designed to have only 21 million special solutions, so the upper limit of bitcoin is 21 million
bitcoin is proced by mining. Mining is the process of consuming computing resources to process transactions, ensuring network security and keeping everyone's information synchronized in the network. It can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world, and no one can control the network. This process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin. However, unlike gold panning, bitcoin mining provides rewards for services that ensure the safe operation of payment networks. After the last bitcoin, mining is still necessary
for more information, please visit bitcoin home.