The Intriguing Story about the Anonymous Founder(s) of Cryptocurrency

The Intriguing Story about the Anonymous Founder(s) of Cryptocurrency

By Erika Masako Welch, 20 January 2022
The Origin Story: The Intriguing Story about the Anonymous Founder(s) of Cryptocurrency

In October 2008 someone calling themselves Satoshi Nakamoto published a paper called “Bitcoin: A Peer-to-Peer Electronic Cash System” to an obscure cypherpunk email list. Cypherpunks are any individual advocating the widespread use of strong cryptography and privacy-enhancing technologies as a route to social and political change. The abstract of Nakamoto’s whitepaper read: “A purely peer-to-peer version electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third-party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashi

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