Satoshi Nakamoto's Historic Bitcoin Milestone Turns 16: Details

Satoshi Nakamoto's Historic Bitcoin Milestone Turns 16: Details

According to Bitcoin historian Pete Rizzo, Aug. 18, 2008, stands as a landmark moment in the history of Bitcoin. On this day, Satoshi registered the domain Bitcoin.org, marking the beginning of a financial revolution across the globe.

“16 years ago today, Satoshi Nakamoto registered the 1st Bitcoin website. Ever since, bitcoin. org has hosted his free code, a beacon of financial freedom to millions around the globe,” Pete Rizzo wrote in a tweet.

This Bitcoin.org domain later became the central hub for Satoshi Nakamoto’s groundbreaking whitepaper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” which was released in October 2008.

While Bitcoin was officially launched in January 2009, Satoshi Nakamoto laid the groundwork for the blockchain-based payment system in a paper published in 2008.

Satoshi’s legacy continues to resonate, Rizzo indicated in his tweet that the Bitcoin.org website remains a beacon of financial freedom for millions around the globe. The site has hosted Satoshi’s free code, allowing anyone with an internet connection to access and contribute to the Bitcoin network. This open-source approach has been fundamental to Bitcoin’s growth and adoption.

Some speculations suggest Nakamoto might be multiple individuals, although this remains unknown.

As reported, the FBI stated that Satoshi could be “one or more third-party individuals,” adding that it can neither confirm nor deny their existence in response to inquiries from Dave Troy, a prominent tech researcher.

This article was originally published on U.Today

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