U.Today – Sixteen years ago today, pseudonymous creator Satoshi Nakamoto took a pivotal step in developing what would become the world's first decentralized cryptocurrency: Bitcoin.
According to Bitcoin historian Pete Rizzo, August 18, 2008 was a landmark moment in Bitcoin history. On that day, Satoshi registered the Bitcoin.org domain, marking the beginning of a financial revolution around the world.
“16 years ago today, Satoshi Nakamoto registered the first Bitcoin website. Since then, bitcoin.org has hosted his free code, a beacon of financial freedom for millions of people around the world,” Pete Rizzo wrote in a tweet.
This Bitcoin.org domain later became the hub for Satoshi Nakamoto's groundbreaking white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” which was published in October 2008.
While Bitcoin was officially launched in January 2009, Satoshi Nakamoto laid the groundwork for the blockchain-based payment system in a paper published in 2008.
Satoshi's legacy continues to resonate, Rizzo said in his tweet that the Bitcoin.org website remains a beacon of financial freedom for millions of people around the world. The site has hosted Satoshi's free code, allowing anyone with an internet connection to access and contribute to the Bitcoin network. This open-source approach has been instrumental in Bitcoin's growth and adoption.
The identity of Satoshi Nakamoto remains a mystery
Satoshi Nakamoto's innovation, Bitcoin, has advanced remarkably over the years, however, the true identity of Bitcoin's creator remains one of the biggest mysteries in the world of technology and finance.
Some speculation suggests that Nakamoto could be several people, although this remains unknown.
The FBI reportedly said Satoshi could be “one or more third-party individuals,” adding that it could neither confirm nor deny his existence in response to questions from Dave Troy, a prominent technology researcher.
This article was originally published on U.Today
