In a few hours, the world may finally learn the true identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin (BTC).
In the run-up to the big reveal, speculation has run wild, with theories ranging from NSA involvement to various individuals like Nick Szabo and Adam Back.
10X Says Nick Szabo Is Satoshi
The crypto community remains divided over the true identity of Bitcoin’s creator, Satoshi Nakamoto, with debates reigniting ahead of an upcoming HBO documentary that promises to unveil their candidate. This ongoing speculation plays into two main theories: that Satoshi is either a single individual or part of a larger group. The principle of Occam’s Razor — favoring the simplest explanation — supports the idea of a sole inventor, but some argue that Bitcoin’s creation could be more complex.
A strong contender for Satoshi’s identity is Nick Szabo, a computer scientist and cryptographer. 10X Research, a well-regarded source for cryptocurrency insights, has pointed to Szabo as the likely figure behind Bitcoin, citing his early work on decentralized currencies and cryptographic techniques as key indicators.
“The most likely inventor of Bitcoin appears to be Nick Szabo, who developed the phrase and concept of smart contracts in the ’90s and designed a mechanism in 1998 for a decentralized currency called Bit Gold,” an excerpt in the research reads.
Read more: What Is a Satoshi? Everything About Bitcoin’s Smallest Unit
Szabo is a visionary who developed the concept of smart contracts in the 1990s. He constructed a decentralized currency mechanism known as Bit Gold, using his ideas combined with Glenn M. Lilly’s hashing algorithms. In the early 2000s, he assisted the US National Security Agency (NSA) in laying the groundwork for what eventually became the backbone of Bitcoin.
Interestingly, Szabo’s history has sparked further debate around his potential connection to Satoshi Nakamoto.
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Author: Lockridge Okoth
