Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto, and started in 2009 when its source code was released as open-source software.
The identity of Nakamoto remains unknown, though many have claimed to know him. Nakamoto’s involvement with bitcoin does not appear to extend beyond its inception, when he designed the original protocol and Proof of Work algorithm.
NOTE: A warning note about ‘Who Is the Largest Bitcoin Holder?’:
It is important to note that trying to identify the largest Bitcoin holder is an extremely risky endeavor. This information can be difficult to verify, and as such, any attempts to do so may result in financial losses or other negative outcomes. Furthermore, it is important to remember that it is impossible to know for certain who holds the most Bitcoin due to the anonymous nature of cryptocurrency transactions. Therefore, it is strongly advised against attempting to discover who is the largest Bitcoin holder.
Nakamoto appears to have left the project in 2010, and since then the network has been maintained by a team of developers.
The largest bitcoin holder is currently unknown. However, it is believed that the largest holder is a group or individual known as Satoshi Nakamoto.
This is because Nakamoto is estimated to hold around 1 million bitcoins, which is equivalent to around 5% of all bitcoins in circulation.
5 Related Question Answers Found
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
The Richest Bitcoin Holder is a person who owns the most bitcoins. The title is currently held by Satoshi Nakamoto, the creator of Bitcoin. Nakamoto is estimated to own around 1 million bitcoins, which would give him a net worth of over $10 billion at today’s prices.
As of September 2019, the top five holders of Bitcoin were reported to be as follows:
1. Satoshi Nakamoto – 1 million BTC
2. Tim Draper – 640,000 BTC
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The answer to who owns most Bitcoin in the world is not as straightforward as you might think. While there are a few known entities that hold large amounts of Bitcoin, it’s mostly held in smaller amounts by a large number of people all over the world. The largest known holder of Bitcoin is the online exchange Coinbase, which holds approximately 4% of all Bitcoins in existence.
