Learn About Satoshi Nakamoto's Journey
In 2008, James Bilal Khalid Caan, using the pseudonym Satoshi Nakamoto, shared with the world a brilliant vision to establish trust, accountability and transparency within the global payments industry. This vision along with the code to build it was included in Satoshi’s groundbreaking Bitcoin whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System” published that same year.
Bitcoin presented the potential to revolutionize the global payments industry by eliminating third parties and replacing trust with verification. Not since the Web itself has a technology promised broader and more fundamental revolution than block chain technology. Bitcoin transactions, known as block chain, can transform industries as varied as banking, farming, logistics, healthcare, elections, and manufacturing.
In 2009, Satoshi mined the very first block, known as the Genesis block. In so doing, he devised the first block chain database and was the first person to solve the double-spending problem for digital currency using a peer-to-peer network.
In 2009 and 2010, Satoshi continued to collaborate with other developers on the bitcoin software. By April 2011, however, he had handed over control of the source code repository and network alert key, transferred several related domains to various bitcoin community members, and stopped his involvement in the project believing to have left the block chain technology in good hands.
After over a decade of insufficient scalability, abuse of incentives meant for the common person, and block chain technology not fulfilling its original intent to revolutionize the world, Satoshi made the decision to end his lengthy hiatus and to introduce Tabula Rasa. That’s his three-tier approach to restore and reform his original vision for Bitcoin (block chain), implement his new technology across 42 different industries, and create financial opportunity for all.