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Bitcoin reveals the identity of the ‘inventor’, the fog in the technology world

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The whole world has been in a dilemma as to who actually invented the digital cryptographic currency Bitcoin. Although more than one person at a time was thought to be the creator of Bitcoin, no one was able to confirm who the person really was. On the other hand, the people who had the arrow of suspicion did not admit to making bitcoin. Finally, Craig Wright, an Australian entrepreneur, claims to be the inventor of Bitcoin. Did.

Mr Craig has revealed his identity and his role in Bitcoin to the BBC, The Economist and GQ. This has been confirmed by influential sources associated with the Bitcoin system. Satoshi Nakamoto was previously known as Craig Wright. But no one outside the Bitcoin core system knew about this person.

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Mr Craig, however, claimed that he did not disclose his intentions. He was forced to reveal the secrets of the Bitcoin inventor. He further added that he does not want any naming, just wants to work.

However, after the publication of this news, many in the technology world expressed doubts about its authenticity Has done.

Updated 7 May 2018: Craig Wright claims to have invented his bitcoin Withdrew.

In the papers Mr Craig currently owns one million bitcoins with a market value of about ৫ 450 million. And there are currently about 15 million bitcoins in the world.

About Bitcoin On wikipedia It is known that “Bitcoin is a cryptocurrency traded through open source cryptographic protocols. Bitcoin transactions do not require any type of financial institution, regulatory body or clearing house. Satoshi Nakamoto introduced the currency in 2006. He called this monetary system peer-to-peer transactions.

Bitcoin transactions are protected by a server called Bitcoin Miner. When Bitcoin is transacted between multiple computers or smartphones connected to a peer-to-peer communication system, its central server updates the user’s laser. New bitcoins are generated as soon as a transaction is completed. The newly created bitcoins will halve every four years until 2140. After 2140, when 21 million bitcoins are created, no new bitcoins will be created.

Bitcoin transactions are either peer to peer or from customer to customer’s computer. It does not pass through any central clearing house nor is there any regulatory body to control it. All Bitcoin processing is done online through an open source software. Anyone can generate bitcoin through Bitcoin Miner. The process of generating bitcoin is always predictable and limited. As Bitcoin is generated, it is stored in the customer’s digital wallet. If the stored bitcoin is sent by the customer to someone else’s account, a unique electronic signature is created for the transaction, which is monitored by other miners and stored secretly but securely within the network. At the same time the current ledger of the customers is updated in the central database.

When a product is purchased with Bitcoin, it is sent to the seller’s account and the seller can later repurchase the product with that Bitcoin, on the other hand an equal amount of Bitcoin is deducted from the buyer’s ledger. The total number of bitcoins is redefined every four years to keep up with the real currency. ”

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