History and Origins Bitcoin (Cryptocurrency)

History and Origins Bitcoin (Cryptocurrency) - Bitcoin is an electronic money that was made in 2009 by Satoshi Nakamoto.
History and Origins Bitcoin (Cryptocurrency) - Bitcoin is an electronic money that was made in 2009 by Satoshi Nakamoto.

The name is also associated with open source software that he designed, and also uses a peer-to-peer connecting everything.

Unlike currency in general, does not depend on trust bitcoin major publisher.

Bitcoin uses a distributed database and spread to the nodes of a P2P network to journal transactions, and uses cryptography to provide security functions of the base, such as ensuring that bitcoin-bitcoin only be spent by people have it, and should never be done more than one occasion.

Design of Bitcoin allows for ownership without identity (anonymous) and transfer of wealth.

Bitcoin - bitcoin can be stored on a personal computer in a file format wallet or stored by a third party wallet service, and in spite of it all

Bitcoin can be sent via the Internet to anyone who has a Bitcoin address.

Topology peer-to-peer bitcoin and the lack of a single administration makes it impossible for the authority, any government, to manipulate the value of a bitcoin or cause inflation by producing more bitcoin.

Bitcoin is one of the first implementation of the so-called cryptocurrency, first described by Wei Dai in 1998 in cypherpunks mailing list.

What the heck Bitcoin? who the creator of Bitcoin? Advantages and disadvantages of use Bitcoin?

A series of simple questions related to its booming digital currency that comes from Japan.

Bitcoin Beginning January 3, 2009, Satoshi Nakamoto launched 31,000 lines of programming code and announced via internet artificial currency called Bitcoin.

The presence of Bitcoin is also marked by the beginning of 50 the world's first Bitcoin generated by the system, which became known as "Genesis block". Uniquely Nakamoto own mine "Genesis Block", on January 3, 2009.

Bitcoin is not the form of coins, paper money, silver, let alone gold.

He was not seen in real terms. He only digital currency. Nakamoto is known as the creator of Bitcoin.

Currency which is fully controlled by software.

Every ten minutes or so, Bitcoin will be distributed to those who do the "mining".

Initially, Bitcoin popular among cryptographers, namely those engaged in research encryption (cryptography).

Not surprisingly, cryptography is the foundation of a Bitcoin stand.

In the beginning, Nakamoto was active in the community of cryptographers. He was reportedly quite diligent reply to posts in various forums cryptography.

Nakamoto had a huge voice, when Wikileaks was about to take advantage of Bitcoin to accept donations.

At that time, Nakamoto protested the plan. According to Bitcoin is not ready to care for it.

"This project needs to grow slowly so that the software can be strengthened as we go along. I put on Wikileaks, please do not use bitcoin. Bitcoin is a community beta is still a toddler. You will not get (donation via bitcoin) more than a dime, but the impact you bring to ruin us, "Nakamoto wrote on December 5, 2010.

But over time, digital currency belonging Nakamoto was getting ogled for digital transactions.

Its popularity is slowly rising to attract the attention of a wider audience. Bitcoin value increased.

At the time it was first launched, one Bitcoin is only worth less than 1 US dollar. But in mid-December 2013, one Bitcoin is in the range of 710 dollars.

Whither Nakamoto?
Behind the success story of this digital currency, Nakamoto Bitcoin turned out to vote to leave.

On December 12, 2010, about seven days after delivering his opinion to Wikileaks, Nakamoto wrote messages in the forum.

Of course, when no one thought that it was so last post Nakamoto. He is still fairly routine, though more rarely, reply to the instigators of Bitcoin.

At that time, the leadership development of Bitcoin held by Gavin Andresen.

Developers this one was originally famous for Bitcoin Faucet website (bitcoin faucet), which aims to distribute 10,000 free bitcoin.

Andresen be the only one who can still communicate via email with Satoshi Nakamoto. On April 26, 2011, Andresen convey the message of the founder.

"This morning Satoshi suggest that I, and we (bitcoin community), must begin to not exaggerate about the existence of 'mysterious founder' when talking to the public about bitcoin," wrote Andresen. In April 2011, her colleagues, Nakamoto also send a message that he "has moved work on other things".

Since then, the name Nakamoto vanished and could not be traced.

Attempts to reach him were made by the instigators Bitcoin did not reap the results.

Had speculation that Satoshi is actually the leading cryptography researcher.

Some names also had "nominated" as the real identity of the man, but none were admitted.

No one ever said that Satoshi Nakamoto is just a pseudonym taken from the name of the technology company Samsung, Toshiba, Nakamichi and Motorola.

Allegedly, because His English is excellent, Satoshi even not from Japan.

In fact, he called not just one person. One theory is pretty much accepted that Satoshi Nakamoto actually represent a team.

Bitcoin is said to have an excellent design that seemed impossible were made by one person alone.

Who is Satoshi Nakamoto exactly? Apparently, it was so unnecessary questions hunted answer.

The more important thing is to see the results of his work, and how it could have an effect on today's society.

Recognized or not, Bitcoin fever is sweeping the world.

Cryptocurrency that is decentralized and not regulated or guaranteed by the central authority is bustling used for transactions in various countries, including Indonesia.

Although it has a number of advantages over currency "conventional", Bitcoin not without risk.

There are some threats that lurk the users of this virtual money. One of them deals with the issue of storage of Bitcoin.

To be able to spend Bitcoin, the owner requires a special line of code named "private key".

This line of code is stored in the "wallet" or digital wallet. When it will be used, then the owner to access the code and use it for transactions. The private key can be stored locally on the computer and printed out by the printer.

Problems arise because this line of code can be stolen or lost. If that happens, then all Bitcoin associated with the corresponding private key will disappear forever from the hands of the owner.

Cases like this a few occurred in recent months. For example, the events that befall Inputs.io.

The online wallet providers last November hack*er burglarized resulting in the "customer" Bitcoin loss of 1.2 million US dollars.

The private key is stored in the "Cold Storage" (computer or storage media that is not connected to the Internet) also has its own vulnerabilities.

A man named James Howells store in 7500 Bitcoin wallet on the computer hard disk.

When the hard disk is lost, Howells was forced to give virtual money worth the millions of dollars.

Inventor of Bitcoin, Not The Japanese, He Appears.

Identity Inventor Bitcoin, Satoshi Nakamoto Revealed, The mystery of who the creator of digital currencies, Bitcoin may have been revealed. More recently, a man claiming to be "Satoshi Nakamoto," a name that has been regarded as the inventor of Bitcoin.

The name "Satoshi Nakamoto" which have long been regarded as the inventor of Bitcoin, it is simply a pseudonym used by a man who is Australian citizen named Craig Wright.

To the media BBC, Wright insisted that he actually is Satoshi Nakamoto, the creator pseudonym cryptocurrency which is known.

KompasTekno quoted from Digital Trends, Wright has shown evidence to support his statement to the BBC. Such evidence may include cryptographic keys that may only owned by Satoshi Nakamoto.

Read: Is It Satoshi Nakamoto, Founder of Bitcoin?

Wright said the key itself is used in the first Bitcoin transaction in the year 2009.

Bitcoin community response

How is the opinion of the Bitcoin community itself? According to the BBC, the Bitcoin community seems to recognize the claim.

"Members of the community leading Bitcoin and core development team has also confirmed Wright claims," ​​writes the BBC.

In addition, Jon Matonis, co-founder of renowned Bitcoin Foundation also believes that Wright was the inventor of Bitcoin. It is believed after seeing some of the evidence submitted by Wright.

Read: Is It Satoshi Nakamoto, Founder of Bitcoin?

"On the evidence session in London, I had the opportunity to review relevant data on three different things: cryptographic, social, and technical," said Matonis.

"It is my belief that Craig Wright has met the three categories," he added.

Why now?

To the media BBC, Wright unfortunately not too clearly disclose the reasons why the new open his identity at this time.

"I have not decided. I have people to decide this issue for me. And they make do not make life difficult for me, but for friends, family, and my employees," said Wright.

"And I do not want them to be affected by this. So I'm going to do this once and only once, I will only appear once in front of the camera, and will no longer appear on any television station or media," he added.

Read: Bitcoin and Mystery Satoshi Nakamoto

In the interview, Wright also said they would refuse all gifts or awards that may be received in the future related to Bitcoin.

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