creator of bitcoin

Bitcoin creator Satoshi Nakamoto, probably the least in need of donations, as he owns the largest cryptocurrency fortune. According to an analysis published in 2013, Satoshi’s holdings are estimated at 1,148,800 BTC. Various evidence indicates that the first 36,000 blocks were added to the blockchain by a single computer, which could only be owned by Satoshi himself. The block reward at the time was 50 BTC.

Grateful users continue to donate to the creator of bitcoin

Grateful Users Continue Donating to Bitcoin Creator Bitcoin creator Satoshi Nakamoto is probably the least in need of donations, as he owns the largest cryptocurrency fortune. According to an analysis published in 2013, Satoshi's holdings are estimated at 1,148,800 BTC. Various evidence indicates that the first 36,000 blocks were added to the blockchain by a single computer, which could only be owned by Satoshi himself. The block reward at that time was 50 BTC.

The bitcoin zero block reward was transferred to the address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa. Since Satoshi never touched much of his fortune, it can be assumed that 50 BTC is still at this address. In fact, the primary address currently contains a little over 66.7 BTC, transferred to it in 1,145 transactions..

Since the early days of cryptocurrency, people have been sending their bitcoins to Satoshi. Most of the transactions are small, but there are several and larger ones. For example, in June 2012, 1.23 BTC was transferred from the Mt Gox wallet, which is empty today, but once contained 5.7 million BTC. Total to present time grateful Bitcoin users transferred 16.7 BTC to Satoshi’s address, or about a quarter of a million dollars at the current rate.

It is curious that the coins on the primary address cannot be spent. This is due to the peculiarities of bitcoin itself: the zero block was not added to the blockchain. It is unknown whether Satoshi did this on purpose or not. Nevertheless, people continue to send their bitcoins to it., thus permanently removing them from circulation. According to some estimates, under various circumstances, about a quarter of the existing bitcoins have already been lost forever..

Grateful Users Continue Donating to Bitcoin Creator Bitcoin creator Satoshi Nakamoto is probably the least in need of donations, as he owns the largest cryptocurrency fortune. According to an analysis published in 2013, Satoshi's holdings are estimated at 1,148,800 BTC. Various evidence indicates that the first 36,000 blocks were added to the blockchain by a single computer, which could only be owned by Satoshi himself. The block reward at that time was 50 BTC.

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