about bitcoin

Who invented bitcoin Now it is difficult to find a person who would not have heard about bitcoin

Now it is difficult to find a person who would not have heard of bitcoin – a digital payment system that calls itself the electronic money of the Internet. It is the first decentralized peer-to-peer (P2P) payment network to be operated by users themselves.

The first step towards creating a cryptocurrency was taken in 2007. It was then that the bitcoin code was written. Later in November 2008, participants in The Cryptography Mailing from metzdowd received a white paper signed by a programmer or a group of programmers using the name Satoshi Nakamoto under the heading “Bitcoin: A Peer-to-Peer Electronic Money System” (“Bitcoin: A Peer -to-Peer Electronic Cash System “).

Nakamoto conducted a series of experiments with the Bitcoin software before showing it to the world in January 2009. The first block of Bitcoin was mined on January 3. This day is considered the day of the beginning of the existence of bitcoin. Later, on January 9, 2009, Nakamoto released an updated version of Bitcoin 0.1, which contained minor fixes and was published on Sourceforge.

Nakamoto also created the Bitcoin.org website, which he used to interact with other developers. Satoshi remained a mystery, as he or she never revealed information about himself during his entire time with other developers. After two years of work, Nakamoto transferred the leadership to Gavin Andresen, and he himself stopped participating in the project in December 2010.

The last time Satoshi made himself known was on April 23, 2011. Then he sent an email to developer Mike Hearn: “I will be doing other things. Gavin and the others will look after Bitcoin. ” Since then, nothing has been heard about Satoshi.

Who else?

In the future, the community grew greatly as more and more developers joined it. Bitcoin Core includes a large number of developers and supporters of the project, who are engaged in research, peer review, testing, etc. But all this cannot work without operational personnel who take responsibility for the work of free developers. They conduct final checks to ensure that the designs are safe and meet the project’s goals. Among them are Vladimir van der Laan, Jonas Schnelli and Marco Falke.

Gavin Andersen was the main Bitcoin developer from 2010 to 2014. Prior to that, he worked in 3D graphics and virtual reality applications, until he switched to developing products for the Bitcoin market in 2010..

He was soon spotted by Satoshi Nakamoto, who chose him as the main developer of Bitcoin Core. Two years later, Gavin founded the Bitcoin Foundation to support the development of the cryptocurrency. On April 8, 2014, he handed over his duties to Vladimir van der Laan.

In April 2013, Jonas Schnelli became another Bitcoin Core developer and creator of the minimalistic hardware Bitcoin wallet Digital Bitbox. He also created libbtc, a bitcoin library written in C that is available for almost all operating systems..

A year later, Vladimir introduced Marco Falke as “the new person in charge of testing and quality assurance in Bitcoin Core”.

Developers strive to create modern software. A large number of updates have been released for the Bitcoin software over the years: Linux and Qt compatible versions, LevelDB, updating node databases via IRC, etc. Since version 0.9.0 the software is called Bitcoin Core. The latest version of Bitcoin Core 0.14.2 was released on June 17, 2017.

Core developers see blockchain as a highly decentralized system that gives them a significant degree of independence. They also tend to develop software that aims to prevent risks. A list of the developers who have contributed to writing Core code over the years can be found here. Thanks to the GitHub repository, any developer can contribute to the development of Bitcoin.

Biography or fiction?

Satoshi Nakamoto reported that he was Japanese and was born on April 5, 1975. But the fact that the Bitcoin documentation was released not in Japanese, but in perfect English, makes many doubt the veracity of these words..

If we try to translate his name into Russian, we get a symbolic phrase: Clearly thinking inside the basics. “Satoshi” means “clear-minded”, “Naka” means “within”, “Moto” means the basis.
But this is just one of the few translations that have been discussed here. Another possible translation is “born from the ashes” for “Satoshi” and “central source” for “Nakamoto”, which together gives “born from the ashes of centralization”. Of course, these are only guesses, and the name could have been chosen at random.

Thus, the identity of the creator of bitcoin is still unknown. We don’t even know if it was “he”, “she” or “they”. Alleged individuals who may have been hiding behind Satoshi’s name include Charlie Lee, Hella Finney and Dorian Nakamoto. However, there is no convincing evidence in favor of any of these versions, and the candidates themselves deny all assumptions..

The mystery of the identity of the creator of bitcoin has not yet been resolved, but his work is continued by many excellent developers who are in the bitcoin community..

Similar articles