Some call him a genius, while others refer to him as a traveler from the future. Who developed blockchain and where is he now?
Who developed blockchain technology?
Blockchain technology was first implemented by a man (or organization) known by the name of “Satoshi Nakamoto”.
The real identity of this mysterious person was never found. The pseudonym appeared online shortly before the release of the Bitcoin whitepaper in 2008.
In December 2010, after two years of communication with the Bitcoin community through the Bitcointalk forum (which he created), Satoshi mysteriously disappeared.
Where is Satoshi Nakamoto now?
There is a lot of speculation to the whereabouts of Satoshi. Some say he’s dead, others that he’s just hiding in fear the legal repercussions of his invention.
Some people, like Craig Wright, have willingly come forward, claiming to be the real Satoshi. However, they were never able to provide substantial proof of their claims.
Our article on Satoshi’s identity goes through a list of possible contenders. And even though all of the options could make a potential match, none has been proven to be the real one.
So, did Satoshi Nakamoto create both Bitcoin and the blockchain?
Well, yes and no.
While Nakamoto was the first person to implement the Blockchain concept for cryptocurrencies, it was first penned by Stuart Haber and W. Scott Stornetta in 1991.
They wanted to create a document system that revolved around a cryptographically secured chain of blocks.
Satoshi took this concept and improved on it, creating the distributed ledger that became the basis of the revolutionary cryptocurrency that we all know today.