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Crypto Terms:  Letter S
Jun 19, 2023 |
updated Apr 02, 2024

Who is Satoshi Nakamoto?

Satoshi Nakamoto Meaning:
Satoshi Nakamoto - the assumed pseudonymous individual or a group of individuals that invented Bitcoin.
2 minutes

Let's find out Satoshi Nakamoto meaning, definition in crypto, who is Satoshi Nakamoto, and all other detailed facts.

Bitcoin was invented by a pseudonymous individual or group of individuals known as Satoshi Nakamoto. He also wrote the document that set out the blueprint for the world’s largest cryptocurrency, also known as the Bitcoin whitepaper.

The Bitcoin whitepaper carefully described high-tech cryptography principles that demonstrated how digital money might be able to avoid the necessity for central banks in the context of the financial crisis.

In recent years, several individuals have been supposedly identified as Satoshi Nakamoto. Some have proceeded with considerable efforts to brush off the claims, indicating that they had no part in the establishment of the cryptocurrency. 

Others, however, were tied to the pseudonym via a scientific research of the whitepaper that took place, and different terms were connected with other published works. Unfortunately, these studies had no clear outcome.

According to Nakamoto himself, the work of writing the code for Bitcoin first began in 2009. Nakamoto's connection with Bitcoin, however, came to an end in 2010. The final email he sent was to another developer, in which he stated that he had "moved on to other things."

Prior to leaving the project, he granted Gavin Andresen management of the source code repository, and the network alert key, as well as transferred many associated domains to other notable members of the Bitcoin community.

Even if Satoshi Nakamoto is no longer in the picture, the creator's impact is still experienced through the Bitcoin whitepaper, which is accessible to anybody online. In honor of the founder, the smallest feasible unit of a single Bitcoin was named "satoshi."

Some people, including Craig Wright, claimed to be Satoshi Nakamoto. This Australian entrepreneur wound up attempting to claim rights on the Bitcoin whitepaper, which was poorly perceived by the cryptocurrency community.

However, other suspects, like Hal Finney, who lived a few streets away from a man named Dorian Satoshi Nakamoto, as well as Dorian Satoshi Nakamoto himself, have vigorously rejected all charges. In addition, another suspect, Nick Szabo, has also denied being Nakamoto.