Jameson Lopp and Lyn Alden believe that it is best that the identity of the true creator of Bitcoin, who hides behind the pseudonym Satoshi Nakamoto, remains a secret. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Who is behind the identity of Satoshi Nakamoto?
📍While many are curious to know who the person who developed Bitcoin is, others prefer to remain anonymous. Jameson Lopp and Lyn Alden recently claimed that maintaining Satoshi Nakamoto's anonymity It will be the best for Bitcoin.
Cypherpunk, software engineer and Bitcoin enthusiast Jameson Lopp, who founded the firm Casa, has recently published evidence disproving the theory that Hal Finney, the American developer who first worked with Satoshi Nakamoto, was actually the creator of Bitcoin.
According to Lopp, emails sent by Satoshi to developer Mike Hearn and Finney's participation in the 10-mile race in Santa Barbara, California, in 2009 show that they were different people.
On the X social network (formerly Twitter), Lopp showed that while Finney was participating in the race, Satoshi was sending emails to Hearn and even signed a transaction of 32,5 BTC, so they cannot be the same person.
While the evidence Loop analyzed can be refuted, as he himself pointed out, his goal is not to discover the identity of the real Satoshi.
In fact, Lopp stressed that Bitcoin “will be better off if Satoshi’s identity remains unknown,” since if it were to be revealed, the person behind the cryptocurrency’s development could be criticized and become the target of political attacks.
Likewise, strategist, macroeconomist, electrical engineer and Bitcoin proponent Lyn Alden, founder of Lyn Alden Investment Strategy, indicated that Bitcoin was built as a decentralized, open-source project and is designed to survive regardless of who its creator was.
With this, Alden made it clear that the identity of the real Satoshi Nakamoto is not the most important thing, since since Satoshi's departure and absence, Bitcoin became much more decentralized and any type of possible authority was eliminated.
Vitalik Buterin talks about centralization in PoS
📍At the ETH Hong Kong 2023 conference, Buterin shared his concerns about Ethereum's centralization since the migration to the Proof of Stake (PoS) consensus protocolDuring his presentation, Buterin showed two slides explaining the current challenges facing the Ethereum network, in terms of security and decentralization, and how these challenges could be solved.
The creator of Ethereum raised the current problems of centralization which is ether staking, which is dominated by a small group of service providers, such as Lido, which currently dominates 30% of cryptocurrency staking.
In addition to this, Buterin also discussed transaction efficiency and data availability space and presented possible solutions to the current challenges of the blockchain network. During the presentation, he stressed that it is paramount to keep the base layer robust and cautiously expand some aspects of its capacity.
Buterin also noted the importance of finding a balance between developing user-friendly applications while maintaining decentralization as one of the fundamental principles of the third generation of the Internet, Web3.
Rootstock Introduces New Bitcoin Grant Program
📍The developers of Bitcoin smart contract sidechain Rootstock have launched a new grant program to strengthen the DeFi ecosystem on the blockchain. The Independent Academy community has joined this new grant program, which seeks to foster self-sufficiency and financial independence through Bitcoin.
At X (formerly Twitter), Tomas Villalonga, known as Art of Tomas, who builds the Independent Academy community, Indian that their integration into the Rootstock program marks a significant milestone in their vision of educating people to use emerging technologies to drive their growth.
Through this grant program, Rootstock seeks to promote projects that favor the growth and development of the blockchain and decentralized finance ecosystem in Bitcoin.
Continue reading: Could Bitcoin be adopted as a global currency in the near future?
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