The inventor of Bitcoin is Satoshi Nakamoto, who lives in California, USA. Many media blocked Satoshi Nakamoto’s home, but he denied having anything to do with Bitcoin. On April 26, 2011, Bitcoin founder Satoshi Nakamoto sent his last email to other developers, in which he made it clear that he had "moved to other projects" while handing over The encryption key he uses to send alerts across the network. Fast forward to 2021, and the Bitcoin story is in many ways just beginning. As the price of Bitcoin breaks through a new high of $60,000, the necessity of Satoshi Nakamoto's creation of a digital currency that is not controlled by any central party or government is increasingly recognized.
: Bitcoin is an electronic cryptocurrency that uses blockchain as the basis of payment technology and is decentralized, global, and does not require third-party institutions or individuals. Bitcoin (pseudonym), founded on a borderless peer-to-peer network and based on the invention of open-source software by a government initiative, is the ancestor of cryptocurrencies and blockchain, and is currently the most popular cryptocurrency. Everyone can participate in Bitcoin activity, and it can be distributed through computer operations called "mining." To avoid inflation, the Bitcoin protocol is capped at 21 million. Using Bitcoin as the private key for digital signatures allows individuals to pay others directly without going through third-party institutions, such as banks, clearing centers, securities dealers, etc., thus avoiding high handling fees, cumbersome procedures and regulatory issues.
There have been numerous attempts over the years to recast Satoshi Nakamoto as someone only interested in disrupting banking or payments, most of whom were interested in the first block printed on the Bitcoin blockchain. 's news article has its own interpretation. But even without looking directly at the code, some of Satoshi Nakamoto's initial public information directly related to currency issuance issues.
In February 2009, he wrote on the P2P Foundation Forum: "The fundamental problem with traditional currency is all the trust required to make it work. People have to trust the central bank not to devalue the currency, but fiat The history of money is full of breaches of that trust. We have to trust banks to hold our money and transfer it electronically, yet they lend out money in the midst of credit bubbles with very few reserves." p>
He described it this way in another of his earliest replies: "As for the issue of secure electronic payment protocols, there is really no one who can act as a central bank or the Federal Reserve and adjust the money supply as the number of users grows. ."