Satoshi Nakamoto is the name for the anonymous person or group of programmers who developed the first Bitcoin software and introduced the concept of cryptocurrency to the public. In 2008 Nakamoto published a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” Nakamoto created the blockchain system, which timestamps and secures transaction information, solving the problem of digital cryptocurrency being wrongly duplicated. The network verifies the authenticity of created Bitcoins through a consensus mechanism called “proof of work,” or “mining.”
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