Satoshi Nakamoto</strong></a>, the <strong>anonymous</strong> creator of <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin (BTC)</strong></a> and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain technology</strong></a>.</p>\n<p>Paul Le Roux was born in Zimbabwe in 1972 and holds Zimbabwean, Australian, and South African citizenship. He became interested in computer technology as a teen and after learning programming started working in the UK, US, and Australia.</p>\n<p>Le Roux created <strong>E4M (Encryption for the Masses)</strong>, encryption software used to provide users with more privacy. One of the core goals of Le Roux&rsquo;s project was that individuals must have as much privacy from the government as possible. He worked on numerous encryption projects around the world.</p>\n<p>Le Roux was behind a number of websites used to access prescription medicine under questionable circumstances. He launched a company RX Limited which made profits in the millions via the <strong>sales on the websites</strong>. He expanded his business to other industries, such as land leasing in Zimbabwe.</p>\n<p>In The Philippines, Le Roux oversaw a number of business ventures via shell companies tied to criminal activities, such as arms dealing, money laundering, and gold smuggling.</p>\n<p>While leading a cartel in Manila, Le Roux was approached by the US Drug Enforcement Administration (DEA) to work as an informant. He was later <strong>investigated and arrested</strong> for a number of charges after an undercover operation in Liberia. In 2020, he was sentenced to 25 years in the US on numerous charges.</p>\n<p>Paul Le Roux was named as a potential candidate to be Satoshi Nakamoto based on numerous pieces of evidence. 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A peg is often used to determine the fixed exchange rate for trading two foreign currencies.</p>\n<p>The opposite of peg is floating, which refers to currencies that do not have a hard price target and follow monetary policies with more lenience.</p>\n<p>Peg can be used as both an economic and political tool as it <strong>encourages trade relationships between different nations</strong> and helps stabilize macroeconomic activities.</p>\n<p>In crypto, a peg is the fixed price that a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency token tries to maintain. Pegged tokens are known as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-stablecoin/">stablecoins. Usually, the value of crypto assets is pegged to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat currency</strong></strong></a>.</p>\n<p>Stablecoins like <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-tether-usdt/">Tether (USDT)</strong></a>, USD Coin (USDC), DAI, and FRAX are pegged to the value of $1 per coin. The value of the <strong>dollar</strong> is considered to be <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-soft-peg/">soft-pegged to the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-consumer-price-index-cpi/">consumer price index (CPI)</strong></a>.</p>\n<p>The pegged value of a stablecoin is maintained by contracting or diluting its total supply. Stablecoin can be <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-minting/">minted or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-burning/">burned until it reaches the value of the desired peg. The minted tokens are collaterally backed.</p>\n<p>The value of algorithmic stablecoins is maintained automatically by employing <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a> to reduce or increase the supply of the tokens as needed.</p>","level":"easy","meta_title":"What is Peg? 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Passwords managers encrypt the passwords to ensure they can only be accessed by an authorized party that holds a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decryption/">decryption key</strong></a>.</p>\n<p>Some web browsers have pre-installed password manager services. However, they are often criticized for considerably <strong>poor security</strong> and threats to the users&rsquo; sensitive information.</p>\n<p>Passwords managers typically rely on one master password that acts as the key to access all stored data. Some managers can also be used to store additional information, such as private notes. Users can enable <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-two-factor-authentication-2fa/">two-factor authentication (2FA)</strong></a> to reinforce security measures.</p>\n<p>Users must <strong>keep their master password secure</strong> as cracking it will grant hackers access to all encrypted data on the account.</p>","level":"easy","meta_title":"What is Password Manager? Definition & Meaning | Crypto Wiki","meta_description":"Password Manager meaning: Password Manager - an app or software used to store and manage passwords for various accounts or services.","meta_keywords":null,"language":"en","created_at":"2022-03-25T07:16:23.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-password-manager"},"currentChapter":"P","currentSection":"who-is-paul-le-roux","chapterTitle":"P","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/who-is-paul-le-roux","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter P

Who is Paul Le Roux?

Paul Le Roux MEANING:
Paul Le Roux - programmer and former criminal cartel boss, one of the suspects to be Satoshi Nakamoto.
Medium
2 minutes

Let's find out Paul Le Roux meaning, definition in crypto, who is Paul Le Roux, and all other detailed facts.

Paul Le Roux is a programmer, cryptographer, and former criminal cartel boss who is currently sentenced on a number of charges, including murder, money laundering, and organized crime. There are suspicions that Paul Le Roux could be Satoshi Nakamoto, the anonymous creator of Bitcoin (BTC) and blockchain technology.

Paul Le Roux was born in Zimbabwe in 1972 and holds Zimbabwean, Australian, and South African citizenship. He became interested in computer technology as a teen and after learning programming started working in the UK, US, and Australia.

Le Roux created E4M (Encryption for the Masses), encryption software used to provide users with more privacy. One of the core goals of Le Roux’s project was that individuals must have as much privacy from the government as possible. He worked on numerous encryption projects around the world.

Le Roux was behind a number of websites used to access prescription medicine under questionable circumstances. He launched a company RX Limited which made profits in the millions via the sales on the websites. He expanded his business to other industries, such as land leasing in Zimbabwe.

In The Philippines, Le Roux oversaw a number of business ventures via shell companies tied to criminal activities, such as arms dealing, money laundering, and gold smuggling.

While leading a cartel in Manila, Le Roux was approached by the US Drug Enforcement Administration (DEA) to work as an informant. He was later investigated and arrested for a number of charges after an undercover operation in Liberia. In 2020, he was sentenced to 25 years in the US on numerous charges.

Paul Le Roux was named as a potential candidate to be Satoshi Nakamoto based on numerous pieces of evidence. One of the main arguments for this theory is that Le Roux’s sentence occurred around the same time as the final posts shared by Nakamoto online.
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