For years, mystery has shrouded the true identity of the creator of the electronic currency called Bitcoin.The person has been known only as Satoshi Nakamoto.Now, Australian businessman Craig Wright claims it's him.In interviews published Monday with the BBC, GQ and the Economist, along with a blog post of his own, Wright said he is Nakamoto and offered details about digital signatures to associate him with some of the earliest bitcoins created.One key person who's convinced is Gavin Andresen, chief scientist of the Bitcoin Foundation, which attempts to standardize and promote the technology.Another is John Matonis, founding director of the Bitcoin Foundation and chief executive of encrypted email provider Hushmail, who attended a session in London where Wright offered proof."I had the opportunity to review the relevant data along three distinct lines: cryptographic, social, and technical.Based on what I witnessed, it is my firm belief that Craig Steven Wright satisfies all three categories," Matonis said in a blog post.

If Wright's claim is confirmed -- and there are skeptics aplenty already -- it could help demystify a technology whose promise has been hampered by technical complexity and a short history tarnished by theft, illicit commerce at the Silk Road site, and bankruptcy of some early players.Bitcoin, used today to buy products online and transfer money between countries, is based on cryptographic technology.It relies on a small army of bitcoin "miners" who verify bitcoin transactions through a computationally intense process that occasionally rewards them with newly minted bitcoins.Although the value of a bitcoin has diminished since a moment of hype in early 2014, the volume of bitcoin transactions continues to steadily increase, according to tracking site Blockchain.info.Brian Spector, CEO of MIRACL, a cryptography-focused company that uses blockchain technology in its products, said it doesn't really matter who the creator of Bitcoin is."Once that barn door opened," he said, "all this innovation started to happen."

What does matter is that experts have validated the coding and math behind Bitcoin.That has allowed organizations like the Linux Foundation to take up Bitcoin technology and create standards and protocols.will bitcoin make a comebackThose are the efforts that will give Bitcoin credibility, prompting financial institutions to use it in consumer products, Spector said.konto na bitcoinThe quest to identify Nakamoto has been dramatic but journalistically perilous.litecoin worth todayAttempts by Newsweek and The New Yorker unraveled, and Wired was forced to back off its 2015 assertion that Wright probably is Nakamoto after close scrutiny revealed problems with the proof.bitcoin core install ubuntu

Gizmodo, too, tentatively fingered Wright as the Bitcoin creator last year.Last December, shortly after Wired and Gizmodo reported the Satoshi-Wright connection, Australian Federal Police raided a residence in the Australian city of Sydney, as well as a business address a few suburbs away, both reportedly linked to Wright.bitcoin millionaire tricksPolice confirmed they had executed search warrants in relation to an investigation by the Australian Taxation Office, but denied the raids were connected to media reporting on Wright's Bitcoin connections.bitcoin singapore regulationNow, Wright said he has reluctantly decided it's time to end the anonymity.bitcoin coin floor"I have not done this because it is what I wanted.best linux for bitcoin wallet

It's not because of my choice," he told the BBC.bitcoin unlimited walletHe has no plans to become a figurehead for the Bitcoin movement, he added, but evidently he plans to stay involved."I have been silent, but I have not been absent.I have been engaged with an exceptional group and look forward to sharing our remarkable work when they are ready," he said in his blog post.But this is only the beginning."PT: Comment from Bitcoin Foundation's John Matonis has been added.Gavin Andresen's and Craig Wright's names have been fixed.The comparisons of the value and volume of bitcoin transactions have been corrected.Also, a comment from MIRACL CEO Brian Spector has been added.PT: Information about Australian Federal Police raids added.CNET reporter Laura Hautala contributed to this report.Satoshi Nakamoto DEFINITION of 'Satoshi Nakamoto' The name used by the unknown creator of the protocol used in the bitcoin cryptocurrency.

Satoshi Nakamoto is closely-associated with Bitcoin and the Bitcoin blockchain technology.Satoshi Nakamoto is arguably the biggest pioneer of cryptocurrency.BREAKING DOWN 'Satoshi Nakamoto' Satoshi Nakamoto is considered the most enigmatic character in cryptocurrency.To date it is unclear if he or she is a single person, or if the name is a moniker used by a group.What is known is that Satoshi Nakamoto published a paper in 2008 that jumpstarted the development of cryptocurrency.The paper, “Bitcoin: A Peer-to-Peer Electronic Cash System”, described the use of a peer-to-peer network as a solution to the problem of double-spending.The problem – that a digital currency or token can used in more than one transaction – is not found in physical currencies since a physical bill or coin can, by its nature, only exist in one place at a single time.Since a digital currency does not exist in the physical space, using it in a transaction does not remove it from someone’s possession, at least not immediately.

Solutions to combating the double-spend problem had historically involved the use of trusted, third-party intermediaries that would verify whether a digital currency had already been spent by its holder.In most cases, third parties, such as banks, can effectively handle transactions without adding significant risk.However, this trust-based model still results in uncertainty.Removing the third-party could only be accomplished by building cryptography into transactions.Nakamoto proposed a decentralized approach to transactions, ultimately culminating in the creation of blockchains.In a blockchain, timestamps for a transaction are added to the end of previous timestamps based on proof-of-work, creating a historical record that cannot be changed.As the blockchain increases in size as the number of transactions increase, it becomes more difficult for attackers to disrupt it.The blockchain records are kept secure because the amount of computational power required to reverse them discourages small scale attacks.