Nobody knows (or is telling), but he, she or they invented the Bitcoin protocol Satoshi Nakamoto was a pseudonymous developer that published a paper describing the Bitcoin protocol in detail via the Cryptography Mailing List in November 2008 and released the first version of the bitcoin software client in 2009. The software was released as open-source and the original paper can be found on the bitcoin.org website here. Shrouded in Mystery Nobody knows if Satoshi Nakamoto was a male, a female or a group of people (or even a government organization) though many theories exist. The last time anybody heard from him was in theRead More →

A digital currency relying on the principles of cryptography The Wiki describes it well; a cryptocurrency (such as Bitcoin, Litecoin, Feathercoin, etc.) is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself. I don’t get it, in English please Let’s look at the first sentence again and break it down word for word: A cryptocurrency is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself. Peer-to-peer Peer-to-peer refers to each node on the network being able toRead More →