New research suggests that Bitcoin founder Satoshi Nakamoto created Monero

THE ANGEL, April 1, 2020 / PRNewswire / – Bitcoin appeared during a financial crisis on October 31, 2008, with the publication of a whitepaper written by a stranger Satoshi Nakamoto. Three years later December 12, 2012, saw the presentation of the technology behind the Monero cryptocurrency in a whitepaper of the unknown Nikolaus von Saberhagen. Today, as a new financial crisis looms, historical research and textual analysis show Satoshi Nakamoto and Nikolaus von Saberhagen may have been the same person or group.

Nakamoto is famous but unknown. He, she or she is largely defined by the document “Bitcoin: A Peer-to-Peer Electronic Cash System” called the Bitcoin Whitepaper. It describes the several parts of a cryptocurrency, including the network, the blockchain and the proof-of-work algorithm that secures the blockchain without a central authority.

Saberhagen’s CryptoNote white paper, “CryptoNote 1.0”, also defined a new cryptocurrency that focuses on privacy and empowerment. It improved on Bitcoin by changing the blockchain structure and using a new proof of work to solve problems that had arisen since Bitcoin was invented. A number of minor improvements have also been made to Bitcoin, such as: B. the simplification of transaction scripts and the dynamic adjustment of the block reward and size. The CryptoNote whitepaper eventually led to the creation of Monero.

Nakamoto had a clear motive for writing the CryptoNote whitepaper. Post on a Bitcointalk forum August 13, 2010Nakamoto first published the concepts for data protection in cryptocurrency that would later appear in the CryptoNote whitepaper: the ideas of stealth addresses that hide recipients in a cryptocurrency transaction and ring signatures that hide senders. At the time of the CryptoNote whitepaper, Nakamoto had also witnessed the struggles with the changes in the block size of Bitcoin (Nakamoto himself secretly added a 1MB block size limit to the Bitcoin codebase in 2010) and the halving of the mining reward that the new whitepaper in Attack took.

The central processing units (CPUs) in personal computers are widely owned, and the Bitcoin whitepaper advanced the “one CPU, one voice” concept in securing the network. But that directive had ceased to work by the time of the CryptoNote whitepaper, as Bitcoin’s SHA-256-based proof-of-work algorithm was ported to faster Graphical Processing Units (GPUs) and implemented on Application Specific Integrated Circuits (ASICS). The new proof-of-work from Saberhagen went into exactly this.

“After watching deeply rooted philosophical ideals give way under the old design, Satoshi appears to have reworked the algorithms,” said Almutasim, Monero Outreach Editor, “with new knowledge, new insights and years of hard thinking one of the greatest minds in the world Mankind, too, to the transcendent concepts in the CryptoNote whitepaper. “

The writing analysis shows a stylistic connection between the two whitepapers. Monero Outreach, in studies with the stylometry software Java Graphical Authorship Attribution Program (JGAAP) – which employs the Burrows Delta Analysis Method – found that the author of the CryptoNote white paper is the author of the Bitcoin white paper rather than the author of any of 15 leading articles from Monero literature. Stilometry theory says Nikolaus von Saberhagen Writing has more in common with Satoshi Nakamotos than with 15 prominent experts.

But JGAAP’s profound scientific algorithms are not really required, as there are clearly visible parallels: Both whitepapers used the same unexpected spelling of “favored / cheap”. In contrast to the usual style of academically formatted work, both used the abbreviation “cannot”. Both used the phrase “In this paper we have …” Both used black and white line drawings with solid and dashed lines. And so forth.

“When you look at these two documents side by side for the first time, the insane similarities can be overwhelming,” said Thunderosa, Monero Outreach Creative Lead. “Maybe we should start calling the author Satoshi from Saberhagen. “

With these historical motivations, scientific analyzes, and compelling similarities, there is clear confirmation of Satoshi Nakamoto His Nikolaus von Saberhagen rises like a full moon over a calm ocean on a cloudless night. It offers new perspectives on two of the greatest inventors of our time: Nakamoto, the ancestor of all cryptocurrencies, and Saberhagen, the creator of the cryptocurrency that protects people’s privacy and freedom.

However, one shouldn’t expect this reveal to be adopted overnight by the Bitcoin or Monero communities – each with strong opinions and customs. There will be resistance.

“Like many others, I’m still working on this,” said Xmrhaelan, Monero outreach organizer. “However, I will say with confidence that if Satoshi Nakamoto is Nikolaus von Saberhagen“Monero was Satoshi’s greatest work.”

“It could also be that this is all coincidence, combined with academic software for results, with no real connection between the two authors. perhaps Nikolaus von Saberhagen is actually a talented, creative, humble techie who has admired Satoshi Nakamoto and want to remain anonymous while they hide in sight, “said Almutasim.

“Even if we knew who Saberhagen really is, we wouldn’t say it,” added Thunderosa.

For more information please contact Al Mutasim at [email protected].

About Monero

The Monero cryptocurrency was created in. brought on the market April 2014 in response to Bitcoin privacy issues. Since its inception, continuous improvements have made Monero safer, more secure and easier to use. It has attracted over 500 developers, the third highest code contributor among any cryptocurrency. Monero is making strides with the no-compromise priorities of privacy and security.

Monero Outreach is a semi-autonomous working group separate from Monero’s core team and focused on Monero’s public relations, education and marketing.

SOURCE Monero Outreach

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