While no one knows who is behind the name Satoshi Nakamoto, a research document suggests that the Bitcoin creator may have developed another cryptocurrency as well – Monero.
Nakamoto had motives to improve the Bitcoin algorithm
New research from Monero Outreach concludes that Bitcoin and Monero may form the same person or entity.
Monero is a cryptocurrency that came out in 2014 to solve Bitcoin’s privacy issues. While the former uses a public ledger, no one can track transactions on it, which makes XMR the most widely used coin among dark web users.
Monero’s whitepaper was published on December 12, 2012, roughly three years after Bitcoin’s Genesis block. The author of the white paper is Nicolas van Saberhagen. As you can imagine, this is a pseudonym too, so no one knows who created Monero.
Monero Outreach suggests that Satoshi Nakamoto and Nicolas van Saberhagen are the same entities. The main argument from the research authors is that Nakamoto had a clear motive for publishing the CryptoNote whitepaper that outlines the Monero concept. In an August 2010 Bitcointalk forum post, Nakamoto shared the first privacy concepts that would later appear in Monero’s whitepaper, including stealth addresses and ring signatures that hide recipients and senders of XMR.
In addition, when CryptoNote 1.0 was released, Nakamoto had already observed changes in the block size of Bitcoin and the halving of mining rewards. Monero’s blockchain addresses these issues. It also improved the proof-of-work to make mining more available to all users with typical GPUs.
Stilometry theory also supports this conclusion
When analyzing the writing style of both whitepapers, one can see a style connection between the two. The study’s authors used Stylometry, a software program called the Java Graphical Authorship Attribution Program (JGAAP), and found that the author of the CryptoNote whitepaper was Nakamoto, more than any other 15 leading articles selected from the Monero literature.
Some similarities are visible to the naked eye. For example, both whitepapers used the spelling “Favor”, the contraction “Can’t” in place of the typical style observed in academically formatted papers, and the wording “In this paper we have …”. In addition, both documents used black-and-white line drawings with solid and dashed lines.
Thunderosa, Creative Lead of Monero Outreach, commented:
When you look at these two documents side by side for the first time, you will be amazed at the crazy similarities. Maybe we should call the author Satoshi van Saberhagen.
However, research authors don’t expect the Bitcoin or Monero communities to embrace this disclosure.
Xmrhaelan, organizer of Monero Outreach, said:
Like many others, I still process this. However, I will say with confidence that if Satoshi Nakamoto is Nicolas van Saberhagen, Monero was Satoshi’s greatest work.
All in all, the main conclusion is that Craig Wright must be a genius …
Do you think Monero was created by Nakamoto or is this an April Fool’s joke by Monero Outreach? Share your thoughts in the comments!
Image via Shutterstock, Monerooutreach.org