Digital Gold: A Vivid Guide to the Characters Who Built Bitcoin

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Author and New York Times reporter Nathaniel Popper came up with a vivid guide to the characters who were responsible for the birth of bitcoin in his newly released book called Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money.

Many know bitcoin to have been first introduced by Satoshi Nakamoto, which is believed to be the pen name of a cryptographer or a group of cryptography experts who came up with the concept. In a paper released back in 2008, Nakamoto shared details on an alternative form of currency based on a public ledger called blockchain.

The Story of Bitcoin

It wasn’t until the rise of Silk Road, founded by Ross Ulbricht under the pseudonym Dread Pirate Roberts, that bitcoin had its claim to fame. With the use of blockchain and transaction verification done by a network of computers solving complex algorithms, there was no need to exchange identities in bitcoin transactions. This made it the currency of choice for those dealing in the criminal underground and preferred to keep their transactions anonymous.

From there, bitcoin drew

Read more ... source: TheBitcoinNews