Bitcoin was officially introduced in 2009, but people started hearing about it on e-mail and forums before that. After 2011, Satoshi (the person using that name), disappeared and couldn’t be contacted anymore. People have been wondering if Satoshi is just one person or a group of people.

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Who Is Satoshi Nakamoto Originally?

Here are some guesses about who Satoshi might be:

• Some think Satoshi is a Japanese man born in 1975.
• Others think Satoshi could be from an English-speaking country because he writes in English very well.
• Some people believe Satoshi might be European because he usually communicates during European business hours.

There are a few individuals who have been considered as possible Satoshis:

• Hal Finney is the most likely candidate. He was one of the first Bitcoin users and received the first Bitcoin transaction. He worked as a software developer and was part of the original cyberpunks in the 1990s.
• Dorian Nakamoto is a Japanese-American man whose real name is also Satoshi Nakamoto. He worked as a computer engineer and lived in California with Hal Finney for more than ten years.
• In 2015, an Australian computer scientist and businessman named Craig Wright claimed to be Satoshi Nakamoto. Some important people in the Bitcoin community, like members of the Bitcoin Foundation and some Bitcoin developers, supported his claim.

Many people have made claims about who Satoshi Nakamoto is. He could be one person or a group. We don’t know if he’s alive or dead. Until there is solid evidence, we can only guess and speculate about who Satoshi Nakamoto truly is.

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Bitcoin allows owners (network participants) to contribute Network because BTC is built as decentralized. So it means, the control of BTC in the network does not connect to a person or a company. Furthermore, Satoshi Nakamoto started to produce blocks after Bitcoin was invented. Another significant thing is that Satoshi Nakamoto has approximately 1 million BTC. However, the weird part is those bitcoins weren’t used on any exchanges. Besides some companies, governments, exchanges and individuals also have lots of Bitcoin.

You can take a look at the current Large Bitcoin Holders below:

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Who are the biggest Bitcoin holders and billionaires?

Except Satoshi Nakamoto, there are also 778,627 BTC which is worth approximately 15 billion dollars in 4 addresses. The owner of these addresses are whales in crypto terminology because of this. You can see how many Bitcoin there are in some addresses from the figure below. The distribution of Bitcoin in the figure can change by the time.

The owners of the most Bitcoin are Binance, Bitfinex, and unknown addresses. Moreover, It is important to indicate that Binance has the largest cold storage wallet. The wallet includes 248,597 BTC. (wallet address: 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo)

Bitcoin Holders (Companies and governments)

As seen in the previous figure before, Public companies have 253,565 BTC total. The biggest BTC owners between of them are

• MicroStrategy (131,000 BTC)
• Galaxy Digital (16,400 BTC)
• Tesla (10,725 BTC)

By the way, the governments also hold 244,779 BTC in total. Some of them are

• Chinese (194,000 BTC)
• Ukrainian (46,351 BTC)
• El Salvador (2,381 BTC)

What is the total supply of Bitcoin?

The maximum amount of BTC is 21 million. Furthermore, this amount cannot change due to the current Bitcoin software rules. Thus, owners of Bitcoin know that their share of Bitcoin will be always stable as a percentage.

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1 satoshi = 0.00000001 BTC

So, why do we need these tiny units? The answer is easy. Just imagine, you want to buy something using Bitcoin but the price is just a fraction of a Bitcoin.That’s why Bitcoin can be divided into smaller amounts, just like regular money can be divided into cents or pennies.

The name Satoshi comes from the person or group of people who created Bitcoin, known as Satoshi Nakamoto. It’s a way to honor their contribution to the world of digital currency. You might also see the unit as a short form of “sat.”

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We usually use Satoshi as the unit of measurement. However on some of the platforms, the amounts are converted into Bitcoin for easier understanding.(for example:0.0006 bitcoin) But when it comes to really small parts of a Bitcoin, some platforms show the value in satoshi to make it simpler.

Sometimes, even a Satoshi isn’t small enough for certain transactions. In those cases, there is something called a Millisatoshi, which is even tinier than a Satoshi. Millisatoshi is equal to one hundred billionth of a Bitcoin. But it’s not commonly used.

There are a few other units of Bitcoin that you might know. One of them is Millibitcoin (mBTC), which is equal to one thousandth of a Bitcoin. Another is Microbitcoin (μBTC), which is equal to one millionth of a Bitcoin. Don’t worry! These units aren’t used often.

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