Bitcoiner Claims to Have Found Long-Lost Bitcoin Satoshi Code

  • Jim Blasko was able to discover Bitcoin v0.1 raw data and files, including annotations.
  • BTC price at time of writing: $19,492.41
  • Satoshi’s personal notes included comments on why Bitcoin used base-58

A cryptocurrency enthusiast named Jim Blasko has claimed that he has discovered the oldest known official uploaded copy of Satoshi’s Bitcoin, which was uploaded in August 2009.

Blasko wrote on Facebook on Oct. 7 that the use of some kind of browser hack on the open source software development platform SourceForge, where Bitcoin was registered in November 2008, led him to discover code that predates Satoshi’s doing. cryptocurrency public.

BTC creators took 6 months to mine 1 million coins

He also said that the creator of BTC had to mine a million coins for six months because block 20,000 would not come until July 22, 2009, and others like Hal Finney were also mining.

According to Blasko’s two SourceForge links, Satoshi’s personal notes included questions about how to deal with bugs in the future and why Bitcoin used base-58 encoding instead of the standard base-64 encoding.

After Satoshi published the cryptocurrency white paper in 2008, the Genesis Block, the first block, was mined on January 3, 2009.

Many people in the space continue to speculate on Satoshi’s identity, and the pseudonymous creator is remembered with statues, papers, memes, and non-transferable tokens.

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Who are the founders of Bitcoin?

Satoshi Nakamoto, better known by his pseudonym, was the original creator of Bitcoin. The true identity of the individual or organization behind the alias is unknown as of 2021.

Nakamoto published the Bitcoin whitepaper on October 31, 2008, which provided detailed instructions on how a peer-to-peer online currency could be used.

They proposed to use a system that would later be called a “blockchain” and consisted of a decentralized ledger of transactions packed into batches (called “blocks”). The system would be protected by cryptographic algorithms.

Nakamoto mined the genesis block, the first block on the Bitcoin network, on January 3, 2009, just two months later, launching the world’s first cryptocurrency.

Most bitcoins were obtained through mining, which only required moderately powerful devices (such as PCs) and mining software at the time of its introduction.

However, Gavin Andresen, who later became the lead developer for the Bitcoin Foundation, was given the network alert key and control of the code repository by Nakamoto, who was also the author of the first Bitcoin implementation.

By fixing bugs and adding new features, many people have made improvements to cryptocurrency software over time. More than 750 people have contributed to the Bitcoin source code on GitHub, including Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli, and others.

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