Emerging from the world of cryptography in the mid 2000s, the mysterious Satoshi Nakamoto is credited as the mastermind creator behind bitcoin the currency, and bitcoin the network.
Is that is real name? Is he Japanese? Or American? Is he or she, in fact, a lot of people merged under one pseudonym? To this day, no one knows.
As a direct response to the financial crisis of 2008, Satoshi Nakamoto envisioned a new and decentralised digital currency system he called bitcoin.
In October 2008,Nakamoto published a paper entitled “Bitcoin” : A peer to peer Electronic Cash System” which detailed a payment system based on chains of data blocks (later to become knowns as block chain) and the removal of third parties between transactions.
I came at a perfect time, of course, because a lot of people had lost trust in traditional financial institutions due to the crisis.
Nakamoto’s proposal detailed how the new system would function without financial institutions, how a peer to peer network would resolve the issue of double spending and what this new system would mean for transactional.
A few years after his proposal, Satoshi Nakamoto stopped being involved in the development of bitcoin and completely disappeared from all public forums.