The first statue of Satoshi Nakamoto, the pseudonymous creator of bitcoin, unveiled in Budapest

The first statue of Satoshi Nakamoto, the pseudonymous creator of bitcoin, unveiled in Budapest

Daily Current Affairs   /   The first statue of Satoshi Nakamoto, the pseudonymous creator of bitcoin, unveiled in Budapest

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Category : Miscellaneous Published on: September 25 2021

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·       The first statue of Satoshi Nakamoto, the pseudonymous creator of bitcoin, was unveiled in Budapest, Hungary.

·       It is displayed in Budapest's Graphishop Park.

·       The unveiling ceremony saw the presence of Andras Gyorfi, the co-founder of the "Statue of Satoshi" project and editor of crypto news site Kripto Akademia, and Debreczeni Barnabas, CEO of Hungarian crypto exchange Shinrai.

Important facts

About Bitcoin (BITCOIN)

v Bitcoin is a decentralized digital currency, without a central bank or single administrator that can be sent from user to user without the need for intermediaries on the peer-to-peer bitcoin network.

v All bitcoin transactions are verified by a huge amount of computing power through a process called "Mining".

v Bitcoin is not issued or backed by any bank or government, nor is it valued as a personal commodity.

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