Best Bitcoin Faucets 2016

Satoshi's contribution to bitcoin

Satoshi invented the bitcoin protocol - the rules that make bitcoin work - by publishing a paper in November 2008 via the Cryptography Mailing List.
After the paper gained acceptance, he went on to release the primary version of the bitcoin software in the year 2009. He worked with the people on the open-source team but finally bid goodbye to them in the spring of 2011. In April 2013, his last email to one of the software developers said, I've moved on to other things. It's in good hands with Gavin and everyone. But whosoever the inventor is, he must be credited for a thoroughly thought-out system, which in the long run has the potential to overtake the fiat currencies. As a token of respect, the smallest divisible amount of bitcoin, which is one hundred millionth of a bitcoin, has been named Satoshi after the founder.

The speculation about Satoshi

One of the many speculations and guesses regarding the identity of Satoshi was that the inventor was a 64-year old Japanese man living in California. The man in question was another Nakamoto, who denied this news immediately and issued a statement regarding the same. As of now, it is still is not proven if the founder was even a Japanese! In fact, there is no substantial evidence to prove if he was indeed a he or was the person a she or were there more than one person in shaping the legacy of bitcoin But even now the speculations continue to run amok. Several people have been named as the probable founder of the bitcoin. The New Yorkers Joshua Davis pointed out that a graduate cryptography student of Dublin Trinity College, Michael Clear, was the original Satoshi Nakamoto after analyzing 80,000 words of Nakamotos online writings.

Online Bitcoin Wallet

As a new user, you can get started with Bitcoin without understanding the technical details. Once you got a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once.
Bitcoin wallets store the private keys that you need to access and spend your bitcoin funds. They come in different forms, designed for different types of device. You can even use paper storage to avoid having them on a computer at all. Of course, it is very important to secure and back up your bitcoin wallet. Best Bitcoin Wallets