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 Who invented bitcoin

Who invented bitcoin

The Bitcoin currency is used as a document or research paper “White Paper” for the same idea and the mechanism of the system followed, the document was published on October 31, 2008 and several months later, specifically on January 3, 2009 the same program was launched and the first block of Bitcoin origin was established. And the one who made this document and published it and founded the first block of bitcoin is an unidentified person or group whose name / pseudonym is Satoshi Nakamoto until this moment, no one knows who invented bitcoin. All we know about him on screen and on social media is that his name is (Satoshi Nakamoto) - Satoshi Nakamoto can be just one person or a group of programmers, even if you believe some strange theories such as conspiracy theories, and that they could be a secret government agency or They may be a secret Masonic or Zionist organization, or if your imagination is wide, you can think that it is an alien being that travels through time and that's why, the important thing is that it is an unidentified person or group, and no one knows about him or them anything or other details.

The document is a PDF file of 9 papers and the link is attached at the end of the publication, which is that its idea is a decentralized electronic monetary system so that barter is peer-to-peer or peer to peer without the intervention of a third party in the barter or exchange process, so that the currency has a protocol Specific and in a specific programming language "C++" and based on rules and conditions. These rules and conditions must be agreed upon by all (users and miners) unanimously. We call this consensus a consensus / consensus mechanism that is in the form of difficult mathematical equations and It is very complex with a hashed SHA-256 encryption algorithm that is completely unreadable. We, as ordinary users, are not invited to solve complex equations. I mean, there is no human intervention in the matter at all, and computers are the ones who understand the programming language and solve these equations and this type One of the consensus mechanisms called Proof of Work is Bitcoin mining with hardware resources and power consumption. And this mining is about confirming and verifying transactions, creating new blocks and adding them to the “blockchain” chain. Computers that mine Bitcoin are divided into this type, including CPUs and graphics processing units/cards. The screen (GPU) and countries are not useful for mining at the present time, but from the time the mining difficulty began, the mining difficulty increased because the miners continued to increase significantly and continuously. There are other types of mining devices whose capabilities are greater and larger than the previously mentioned types, and they remain very expensive to purchase and It is also costly in energy consumption, electricity bills, and equipment. These are called ASIC miners, an acronym for "Application-Specific Integrated Circuit." . These rewards are called Block Rewards. This type of consensus mechanism has been called proof of work in connection with the processors inside the devices solving complex mathematical equations and consuming a lot of energy.

Of course, there are many cryptocurrencies that have different protocols and working mechanisms, different programming languages, and consensus mechanisms different from Bitcoin, such as Solana, Cardano, Avalanche, Polka Dot and many others that have different protocols from each other, and most of them work with the “Proof of Stake” mechanism. And of course, there will be Ethereum currency, which will move from the proof-of-work mechanism to the proof-of-stake mechanism during this year 2022, and it will be a mechanism that does not require any loads or efforts on device processors, and does not even consume a lot of energy or electricity, as happens in Bitcoin and its derivatives. But the currencies that operate with a consensus mechanism, proof of the stake, is required or conditioned to put a share or a specific and specified number previously mentioned in the protocol for the currency and to reserve the specified number of these currencies for a specific period of not less than 3 months and not more than 24 months, provided that it is not less The specifications of the devices required to place and reserve coins in them are based on specifications that were previously defined in the protocol for the currency to be mined and to verify transactions on its network. For a hard disk, provided also that there is a fixed and uninterrupted internet and a fixed IP address that is not changed during the period of proof of share and the preparation of ports or ports for the router from the Internet service providers, and all this of course to ensure obtaining rewards for verifying and confirming transactions on the network And adding blocks to the chain.

But let us go back and talk within the scope of our topic about Bitcoin, and that after the research paper was written and placed as an open source for everyone on the official Bitcoin website and also in the BitcoinTalkDotOrg forum and many other forums, the Bitcoin protocol was explained on the basis that anyone can enter and participate in the consensus with their device The simple person on the Bitcoin network and easily receive rewards, or even ordinary people who understand the idea of ​​the technology itself and adopt it in a very ordinary way, but the idea itself at the time was strange to very many people, or in other words, no one understood the idea in the first place and I did not believe it and people She says what insane and crazy this is, but he was in a specific category of those who existed and were sitting on these forums who were convinced of the idea and they were considered a small group of gamers and before them a category of programmers and developers on the web, not all categories, of course, but some of them Also, at the time, Bitcoin had no value at all, but the group that believed in the idea of ​​Bitcoin and the idea of ​​decentralization were the ones who made Bitcoin a value until it reached these terrible prices today.

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