Craig Wright Claims he is Satoshi Nakamoto

by May 2, 2016 0 comments

NEW DELHI, INDIA: Ending years of speculation Australian tech entrepreneur Craig Wright has confirmed his identity as creator of Bitcoin.

In an interview with the BBC, Dr Wright provided proof that he indeed is Satoshi Nakamoto. To back up his claim he used digitally signed messages and cryptographic keys known to be owned by Bitcoin’s creator.

Bitcoin is a digital cryptocurrency which is decentralized and operates using a peer-to-peer network. However, unlike other currencies, it has no government backing. To receive a Bitcoin, a user must have a Bitcoin address which acts as a kind of virtual post-box to and from which the Bitcoins are sent.

With no registry of these addresses, people can remain anonymous while making transaction. These addresses are in turn stored in Bitcoin wallets, which are used to manage savings.

It was created by someone under the pseudonym of Satoshi Nakamoto.

Dr Wright has revealed his identity to three media organizations: the BBC, the Economist and GQ.

Last year in December, Wired and Gizmodo had named Mr Wright as a candidate after receiving certain documents which were believed to be stolen from him revealing his involvement with Project Bitcoin.

Bitcoin has been under constant attention of financial regulators, legislative bodies, law enforcement, and media with criminal activities primarily centered on black markets and theft.

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