The creation of effective processes, products, and ideas is crucial for a business because it could mean implementing new ideas, improving services or creating dynamic products. Innovation can act as a catalyst that can make one's business grow and can help an individual adapt in the marketplace. In the case of Mr. Satoshi Nakamoto, the creator of Bitcoin, he used the emerging technology of blockchain to create bitcoin and innovate the use of computer and internet. Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin blockchain network without the need for intermediaries. Bitcoin pioneers wanted to put the seller in charge, eliminate the middleman, cancel interest fees, and make transactions transparent, to hack corruption and cut fees.
Bitcoin is one of the greatest innovation yet also have a big mystery in the tech world today. Until now that creator of Bitcoin is still unknown. The first instance of the name Satoshi Nakamoto came in the form of a user profile on a forum for the peer to peer advocacy and development organization P2P Foundation. In this profile, Satoshi’s personal information lists his date of birth as 1975 and his nation of residence as Japan. Several people are suspected to be Satoshi. As said to this article One of the first and most easily dismissed claims was that of Dorian Satoshi Nakamoto. The 68-year-old Japanese-American living in California, was identified in a 2014 Newsweek article as the elusive Bitcoin creator. Another one is a cryptography enthusiast as well as a pioneer in decentralized digital currency, Nick Szabo developed a precursor to Bitcoin, BitGold. Still, he is denying that he's the creator of bitcoin.
One of the most intriguing updates regarding Nakamoto's real identity is with Craig Wright, for he is claiming that he's the real Satoshi Nakamoto and creator of bitcoin. He is an Australian academic who was brought into the spotlight of Satoshi when Wired Magazine published an article in 2015 claiming Wright “either invented bitcoin or is a brilliant hoaxer”. In regards to his announcement, it lacks evidence on proving that he is Satoshi. Adding fuel to the fire was an ongoing investigation by Australian tax authorities into Wright’s bitcoin holdings, which, after a police raid of Wright’s home, drove the academic to England. Some prominent bitcoin personalities like Jeff Garzik is still skeptical about Wright's proclamation.
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