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    Bitcoin is a payment system invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009. The system is peer-to-peer users can transact directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain. The ledger uses its own unit of account, also called bitcoin. The system works without a central repository or single administrator, which has led the US Treasury to categorize it as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value. 

    Who is Satoshi Nakamoto

    Bitcoin creator Satoshi Nakamoto denies being Craig Wright (maybe) Email which could be from account once associated with Nakamoto denies his real identity is that of Australian academic and entrepreneur. The creator of the digital currency bitcoin, known only by the pseudonym Satoshi Nakamoto, is probably an Australian entrepreneur, according to two new investigations.

    Reported bitcoin 'founder' Craig Wright's home raided by Australian police Wired and Gizmodo have published separate stories suggesting that Nakamoto's real identity is Craig Steven Wright, a 45-year-old Australian described by Wired as a "climate-change denier, a serial entrepreneur ... and an eccentric." Various attempts to prove Nakamoto's identity in the past have proved unsuccessful. Wired has linked Wright to bitcoin by several posts on his blog, starting with one published in August 2008 that mentioned his intention to release a "cryptocurrency paper".

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