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Nick Szabo is he Satoshi Nakamoto

Nick Szabo a computer scientist, legal scholar, and cryptographer, with a background in research digital contracts, digital economy and digital currency, thereby becoming a candidate for being Satoshi Nakamoto.

Nick Szabo graduated from the University of Washington in 1989 with a degree in computer science. And he holds an honorary professorship at the Universidad Francisco Marroquín.


Bit gold

Back in 1998, Nick Szabo designed something he called “bit gold”  a mechanism for a decentralized currency, even though it was never implemented he did call it “a direct precursor to the Bitcoin architecture.”

Bit gold structure is build up around dedicated computer power solving a cryptographic puzzle. In the structure of bit gold, solved puzzles would be sent to the Byzantine-fault-tolerant public registry and assigned to the public key of the solver. Each solution would become part of the next challenge, creating a growing chain of new properties. This aspect of the system provided a way for the network to verify and time-stamp new coins because unless a majority of the parties agreed to accept new solutions, they couldn’t start on the next puzzle.

When attempting to design transactions with a digital coin, you run into the “double-spending problem.” Once data have been created, reproducing them is a simple matter of copying and pasting. Most digital currencies solve the problem by relinquishing some control to a central authority, which keeps track of each account’s balance. This was an unacceptable solution for Szabo. “I was trying to mimic as closely as possible in cyberspace the security and trust characteristics of gold, and chief among those is that it doesn’t depend on a trusted central authority,” he said

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The Etherium Link

The phrase and concept of “smart contracts” were developed by Szabo with the goal of bringing what he calls the “highly evolved” practices of contract law and training to the design of electronic commerce protocols between strangers on the Internet. Smart contracts are a significant feature of cryptocurrency and the programming language E.

Bitcoin Speculation

Nick Szabo could be Satoshi Nakamoto, this argument is built around him being one of the first to adopt bitcoin, and his extensive knowledge of blockchain technology, besides that he is known for having created bit gold that is a concept that closely resembles bitcoin and the furthermore is a well-known figure in the cryptocurrency space.

I don’t know whether or not to believe if Nick Szabo is Satoshi Nakamoto, but I do know he must be a candidate to being Satoshi Nakamoto with his background and involvement in bitcoin and blockchain technology.

Crypto Media Service View All

The writers writing under the pseudonym of crypto Media service Iis shadow writers all with experience in cryptocurrency of at least 3 years, they have either been invested in trading or worked on the technical side of blockchain technology but wishes to stay anonymous for multiple reasons

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