So you want to know who is Satoshi Nakamoto? Well, you may be asking, who is this enigmatic figure who has consistently been the subject of much speculation. In fact, you may be wondering if he’s a man or a woman, where did he come from, and even why is he here?
The first thing you need to understand is what a public key is and why you should care about it. A public key is an identifier that the user enters into the Bitcoin protocol for signing transactions. Any change that occurs in the history of the Bitcoin network must be accepted by everyone, and by entering the public key, the owner allows other users to see that change.
In other words, Satoshi Nakamoto is a very important person in the Bitcoin world. By signing messages and creating new transactions, he helps keep the Bitcoin network running smoothly. However, the only way you can tell he’s Satoshi is if he has signed his transactions with the necessary private key. When you use the private key to sign your message, you are also saying you trust this person, and you trust that they are the owner of the private key.
Because of this important feature, you may be wondering what will happen if Satoshi is no longer around to sign messages and create new transactions. You may think that you would have to go ahead and delete the private key and start over with a different private key. However, this is not the case at all.
After you send your message or transaction to Satoshi, he signs it and keeps a copy for future reference. Then he sends it on to other people that he trusts. Now, the private key is no longer associated with your username or address. Instead, it is associated with a different hash value that will represent other people’s private keys.
If you delete the private key from your computer or simply lose it, then the Bitcoin network won’t know who it is that you are. But, you can still use it to send your messages to anyone, so you don’t have to worry about losing your identity. It will also show up as a change in the Bitcoin ledger, which makes it much easier to follow, and you can verify it later on with the help of the public key.
To sum it up, there is no one Satoshi Nakamoto. The person responsible for creating the protocol, and keeping it running smoothly, are Satoshi Nakamoto. All he needs is your input to create new transactions and messages, and he can continue to make changes on his own schedule.