Many speculations have risen regarding who really is the Bitcoin creator. Finally, he made himself revealed, none other than the Australian entrepreneur Craig Wright using the alias Satoshi Nakamoto.
Craig Wright supported his claim by providing technical proof of using coins known to be owned by Bitcoin's creator. He puts an end to guesses of who came up with the original ideas and the fundamentals of the digital cash system. His claim was also confirmed by Bitcoin community remarkable members as well as its development team, as reported by MSN.
He revealed his identity to three media organizations namely BBC, the Economist and GQ. During the BBC meeting, he digitally signed messages by the use of cryptographic keys made during Bitcoin's early days of development. The keys are hard to separate and are linked to blocks of bitcoins known to have been created by "mined" by Satoshi Nakamoto.
"These are the blocks used to send 10 bitcoins to Hal Finney in January [2009] as the first bitcoin transaction," said Mr. Wright during his demonstration.
According to a Reuters report, Wright's Sydney home and office was raided by police in December after naming him as the likely bitcoin creator holding hundreds of millions of dollars' worth of the cryptocurrency which drew the interest of banks, speculators, criminals and regulators.
Experts on Bitcoin state that exposing Satoshi Nakamoto would be important for the industry. Nakamoto could hold sufficient bitcoin to control its price aside from holding some dominance over the bitcoin protocol.
Bitcoins are lines of computer codes digitally signed every time they travel from one owner to the next. Since bitcoins enable people to trade money having no third party involved and became famous with libertarians including technophiles, speculators and even criminals, Mail Online reported.
Bitcoins are being accepted as payment from a variety of goods and services to international money transfers to ransoms for data encrypted by computer viruses. At present, nearly 15.5 million bitcoins are in circulation having a value worth of about $449 or £306 each.
