Bitcoin <strong>was invented by a pseudonymous individual or group of individuals known as Satoshi Nakamoto.</strong> He also wrote the document that set out the blueprint for the world&rsquo;s largest cryptocurrency, also known as the Bitcoin <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-whitepaper/">whitepaper.

/n

The Bitcoin whitepaper carefully described high-tech <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptography/">cryptography principles that demonstrated how digital money might be able to avoid the necessity for central banks in the context of the financial crisis.</p>\n<p>In recent years, <strong>several individuals have been supposedly identified as</strong> <strong>Satoshi Nakamoto</strong>. Some have proceeded with considerable efforts to brush off the claims, indicating that they had no part in the establishment of the cryptocurrency.&nbsp;</p>\n<p>Others, however, were tied to the pseudonym via a scientific research of the whitepaper that took place, and different terms were connected with other published works. Unfortunately, these studies had no clear outcome.</p>\n<p>According to Nakamoto himself, <strong>the</strong> <strong>work of writing the code for Bitcoin first began in 2009</strong>. Nakamoto's connection with Bitcoin, however, came to an end in 2010. The final email he sent was to another developer, in which he stated that he had \"moved on to other things.\"</p>\n<p>Prior to leaving the project, he granted <strong>Gavin Andresen</strong> management of the source code repository, and the network alert key, as well as&nbsp;transferred many associated domains to other notable members of the Bitcoin community.</p>\n<p>Even if Satoshi Nakamoto is no longer in the picture, the creator's impact is still experienced through the Bitcoin whitepaper, which is accessible to anybody online. In honor of the founder, the smallest feasible unit of a single Bitcoin was named \"<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-satoshi-sats/">satoshi./"

/n

Some people, including <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-craig-wright/">Craig Wright</strong></a>, claimed to be Satoshi Nakamoto. This Australian entrepreneur wound up attempting to claim rights on the Bitcoin whitepaper, which was poorly perceived by the cryptocurrency community.</p>\n<p>However, other suspects, like <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-hal-finney/">Hal Finney</strong></a>, who lived a few streets away from a man named Dorian Satoshi Nakamoto, as well as Dorian Satoshi Nakamoto himself, have vigorously rejected all charges. In addition, another suspect, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-nick-szabo/">Nick Szabo</strong></a>, has also denied being Nakamoto.</p>","level":"medium","meta_title":"Who is Satoshi Nakamoto? 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href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-blockchain/">public blockchain</strong></a> in order to improve its efficiency and scalability, particularly for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-microtransaction/">microtransactions and actions. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-state-channel/">State channels</strong></a>, blockchain <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-interoperability/">interoperability, rollups, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-sharding/">sharding, and various cryptographic functions are all second-layer scaling solutions. Plasma for <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum or Lightning Network for <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin are some examples of second-layer solutions.</p>","level":"easy","meta_title":"What are Second-Layer Solutions? 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Though the difference is that Scrypt mining focuses more on memory than pure <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-central-processing-unit-cpu/">CPU power</a></strong>, with the goal of reducing <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-asic/">ASIC advantage and thereby increasing network participation and energy efficiency. <strong>It is simply a faster and easier algorithm than SHA-256.</strong></p>","level":"easy","meta_title":"What is Scrypt? 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