As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper. Just like current developers, Satoshi's influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin.
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The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Satoshi's anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The community has since grown exponentially with many developers working on Bitcoin. Satoshi left the project in late 2010 without revealing much about himself. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Who created Bitcoin?īitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.
From a user perspective, Bitcoin is pretty much like cash for the Internet.
It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin is a consensus network that enables a new payment system and a completely digital money.
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