The infamous Bitcoin system enables online peer-to-peer transactions and the exchange of digital currency. To be more specific, it uses cryptocurrency as it utilizes cryptographic technology to create and transfer money. The special bitcoins could be derived by a process called “mining” or from simply exchanging them for a variety of goods, services and other currencies.
This unique centralized digital banking system was created by a program developer who is only known for his pseudonym Satoshi Nakamoto. This person with a seemingly Japanese name appeared from thin air in 2008 when his research paper was mailed to a website devoted to cryptography technology.
Mr. Nakamoto is just an enigmatic person who obviously respects his privacy very much. There is a lot of speculation about his real identity, but all theories are completely unsubstantiated. We can be sure only about one fact regarding Satoshi Nakamoto. He is the first Bitcoin billionaire with a massive fortune of bitcoins worth $1.1 billion.