Who developed bitcoin? : brief history of the origination of BitcoinsteemCreated with Sketch.

in #bitcoin7 years ago (edited)

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A million dollar question right?

Of course you should have heard about bitcoin now, the world`s first and most populous cryptocurrency , if you have not , then check this guide on what is bitcoin => https://zycrypto.com/what-is-bitcoin/

Bitcoin which is the first decentralized peer to peer network , operated and governed by its users, its said to have being created by a programmer or a set of programmers known as Satoshi Nakamoto , they started writing the bitcoin code in 2007 , after testing of the software, on November 2008 the whitepaper was published on The Cryptography Mailing list at metzdowd.

It was then that it was named BITCOIN ,

Bitcoin was tested with series of experiment by the programmer/programmers before it was made known to the world, the first ever bitcoin block was mined in january 2009 , thereby marking the beginning of bitcoin`s existence, it was said that Nakamoto released the updated version 0.1 of bitcoin software on sourceforge , on which some minor bug issues were fixed.

Later on the community has continued to be growing larger every day by day , including core developers, who make out time to always perform research and pure testing , as the bitcoin project was developed on open source technology.

Gavin Andresen who was a Software and 3D graphics developer , started developing products for the Bitcoin market from 2010 -2014.

Gavin was then noticed by Satoshi and was then choosen to be the lead developer for bitcoin core. two years later Gavin stared the bitcoin foundation so as to support the cryptocurrency development, it was then on 2014 that he passed the duties to Wladimir J van der Laan.

The three best-known Bitcoin Core maintainers are Wladimir J. van der Laan , Jonas Schnelli and Marco Falke.

Jonas Schnelli was another bitcoin core developer and the co-founder of Digital bitbox (a minimalistic bitcoin hardware wallet) and the creator of libbtc (a bitcoin library)

it was a year after that Wladimir announced Marco Falke as the new maintainer for bitcoin core.

Satoshi Nakamoto who claims to be a japanese born on April 5 1975 , he,she or they has remained anonymous for Reasons best known to him/her or they .

Speculations came in when Litecoin founder Charlie Lee was suspected to be Satoshi Nakamoto After he Created a suspicious project , you can read full article HERE =>

If we try to translate his full name into English, we’ll get a very symbolic phrase: Quick witted inside a foundation. “Satoshi” stands for “quick-witted; wise”, “Naka” means “inside” and “Moto” stands for “foundation.”

Nakamoto also created the Bitcoin.org website, which it is said that he uses to associate with other core developers. Satoshi remained a mystery, as he – or she – did not reveal any personal information during the entire time of cooperation with other developers.

Satoshi only showed up once again on April 23, 2011, when he emailed a software developer, Mike Hearn, with “I’ve moved on to other things. It’s in good hands with Gavin and everyone.” From then no one has known anything about Satoshi Nakamoto..

The identity of the bitcoin creator remains anonymous till date.

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Thanks for sharing this. I am only getting started with cryptocurrency, and it is almost funny that I did not even know the basic things you put here. I got into reading charts like I do with stock trading without knowing the fundamentals.

Regards,

@steemitph

cryptocurrency is the future, you got in on time

here check out this article to get a more understanding about the history of crypto
http://observer.com/2015/02/the-race-to-replace-bitcoin/

nice summery post ..thanks for sharing this info and posting it on Steemit

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