Who created bitcoin?
Bitcoin was created by a person or group of people under the pseudonym Satoshi NakamotoNickname use by the person or people who created Bitcoin, their real identity is still unknown.. The real identity of SatoshiFrom the name of Bitcoin’s creator. Smallest fraction of a Bitcoin, representing one hundred millionth of
one Bitcoin. Nakamoto remains unknown to this day, adding a veil of mystery around the creation of this first cryptocurrency (crypto-assetDigital asset based on cryptography principles. Peer to peer traded, on a decentralized network, thanks to Distributed Ledger Technologies such as blockchain. The user is integrated into storage and transaction or digital asset according to the ACPR’s official appellation).
The concept of Bitcoin was first introduced in 2008 in a white paperDefines technological basis of a project, explains its consensus mechanism (algorithm, rewards) and eventually presents its business model or business plan if the crypto asset is a token. It is entitled “Bitcoin: A Peer-to-Peer Electronic Cash System”. This paper described the operation of an electronic payment system based on cryptographic evidence instead of trust, enabling two parties to transact directly with each other without the need for a trusted third party.
In 2009, Satoshi Nakamoto released the Bitcoin software as open sourceIT software that is open for anyone to read, use and modify its source code., marking the creation of the Bitcoin network and the first exploitation of the blockchainA blockchain is a type of distributed ledger technology. It is a huge database formed by blocks,cryptographically linked to each other, containing information such as transactions. These blocks are addedfollowing (the underlying technology). Nakamoto continued to work on the project with other developers until he (or they) began to disengage from the Bitcoin community in 2010. He then left the project in the hands of volunteer developers who continued to improve the software.
Cryptocurrencies or digital currencies are terms commonly used in the crypto ecosystem. However, the terminology favored by regulators (ACPR and AMF) is crypto-assets or digital assets. This distinction arises because, although often referred to as cryptocurrencies, these assets do not qualify as currencies in the legal sense. They are virtual resources based on blockchain technology, whose value is determined solely by supply and demand.
None of the information contained in this FAQ constitutes investment advice, tax advice, legal advice, or any other type of advice, nor does it serve as an invitation to engage in any form of financial transaction.
Investing in digital assets carries risks and may not be suitable for all investors. It is the responsibility of investors to educate themselves about the risks associated with different digital assets. In particular, it is noted that digital assets can exhibit significant volatilityPrice variation of an asset on a given period., and investments in digital assets involve a risk of capital loss. Accordingly, it is important to remember that the past performance of digital assets, as might be indicated on Banque Delubac & Cie’s website or in documents provided to investors, is not indicative of future performance. Investors should familiarize themselves with the technologies underlying each digital asset and their associated risks, including vulnerabilities, defects, hacks, errors, protocol failures, or attacks on the protocol. Banque Delubac & Cie cannot be held liable for any misunderstanding of the risks associated with digital assets or for any losses investors may incur due to errors in walletPrice variation of an asset on a given period. addresses attributable to the investor.
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