Bitcoin founder reveals identity

Bitcoin founder reveals identity - 2nd May 2016

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An Australian entrepreneur Craig Wright has publicly claimed to be Satoshi Nakamoto, the inventor of Bitcoin.

The 45-year-old has sought to verify his claims through providing technical evidence such as private keys that are only in possession of the Bitcoin owner.

Prominent members in the Bitcoin community have backed up Mr Wrights' claims.

In a blog post published on Monday, Bitcoin Foundation director and economist Jon Matonis said 'the proof is conclusive and I have no doubt that Craig

Steven Wright is the person behind Bitcoin technology, Nakamoto consensus, and the Satoshi Nakamoto name.

While prominent Bitcoin members are swayed others remain sceptical of Mr Wright's claim.

Polling from The Economist reveals a large number of people are either unsure or believe Wright is not the true Bitcoin inventor.

Mr Wright says he intends to release more information that will further point to his identity as Satioshi Nakamoto.

It is hoped the 45-year-old's admission will finally bring an end to numerous speculation over the real creator of the digital cash system.

Many media outlets like The New Yorker, Fast Company, Newsweek in the past have attempted to reveal the creator of Bitcoin, naming many other people as potential candidates.

Mr Wright is no stranger to speculation with Wired and Gizmodo claiming him to be the owner after private documents detailing his involvement were leaked.

It is believed Satoshi Nakamoto is in possession of one million Bitcoins, giving him a net worth of around $450m.