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Who created Bitcoin Who invented Bitcoin

Date:2024-08-11 17:57:46 Channel:Build Read:


The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Who created Bitcoin? Who invented Bitcoin? So far, it has not been determined who developed Bitcoin. At present, everyone agrees that it was developed by a Japanese named Satoshi Nakamoto. According to the original strict design, the total amount of Bitcoin was limited to 21 million, and now about 14 million have been mined. It has skyrocketed 3 million times in 8 years. Many people in the industry believe that this is a game of passing the parcel. Some people firmly believe that Bitcoin will become a scarce asset, and some even say that it will be a shining node in the long river of history. Most people do not seek to understand it, but just marvel at another round of wealth explosion.

Bitcoin is the first currency to realize the concept of "cryptocurrency". In 1998, Wei Dai first expounded the concept of "cryptocurrency" in the cypherpunks mailing list, that is, a new form of currency that uses cryptographic principles to control the issuance and trading of currency instead of relying on a central management agency. In 2009, Satoshi Nakamoto (pseudonym) published the first Bitcoin specification and its proof of concept in the cryptography mailing list. In late 2010, Satoshi left the project without revealing much about his identity. Since then, many developers have worked on the Bitcoin project and the Bitcoin community has grown rapidly.

Satoshi's anonymity often causes unfounded concerns, many of which are related to misunderstandings about the open-source nature of Bitcoin. The Bitcoin protocol and software are publicly available, and any developer around the world can view the code or develop their own modified versions of the Bitcoin software. Like current developers, Satoshi's influence was limited to the changes he made that were adopted by others, and therefore, Satoshi did not control Bitcoin. Today, then, the question of the identity of Bitcoin's inventor may be the same as the question of the identity of the inventor of paper.

Bitcoin is a consensus network that facilitates a completely new payment system and a completely digital currency. It is the first decentralized peer-to-peer payment network that is controlled by its users themselves without a central authority or middleman. From a user's perspective, Bitcoin is a lot like cash for the Internet. Bitcoin can also be seen as the most prominent triple-entry bookkeeping system currently available.

Who controls the Bitcoin network?

No one owns the Bitcoin network, just as no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. Developers can improve the software, but they cannot force changes to the rules of the Bitcoin protocol because all users are free to choose the software they want to use. In order to maintain compatibility with each other, all users also need to choose software that follows the same rules. Bitcoin can only work properly if all users reach a complete consensus. Therefore, all users and developers have a strong incentive to accept and protect this consensus.

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