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Jyoti Singh
Jul 22, 2020

Bitcoin Creator Owns BTC Worth $10.9 Billion: Whale Alert

Whale Alert
Crypto watchdog Whale Alert has revealed that the mysterious developer of Bitcoin, Satoshi Nakamoto, owns Bitcoin worth $10.9 billion.

Whale Alert found that soon after the cryptocurrency was launched, around 1,125,150 BTC worth $10.9 billion had been mined by Satoshi.

Whale Alert Adopts Patoshi Pattern

The investigators of leading blockchain tracing and analysis provision firm around the world used the Patoshi Pattern theory of Sergio Lerner to find out about the blockchain which had been excavated by Satoshi.

According to the Twitter watchdog, blockchain’s transparency is an important feature required in it before implementing on a platform.

Lerner, in his theory, has specified that after the Bitcoin was released, a single miner dug around 22,000 of its blocks.

Whale Alert further mentioned that there are chances that in earlier times, Satoshi was mining the Bitcoin. It also stated that there are shreds of evidence which proves Pattoshi Pattern was related to Satoshi.

Satoshi Did Not Accumulate Huge Amount Of BTC

The Patoshi Pattern theory talks about a miner who has used the process to dig up around 1.1 million BTC. Most of the crypto-enthusiasts in the space believe that the miner, about whom Patoshi was talking, is Satoshi Nakamoto.

Lerner has decided that he would not dig deeper into this matter as he does not want to interfere into the privacy of Bitcoin creator.

Recently, the Whale Alert has claimed that after a proper evaluation it has found that the Bitcoin developer was managing the Patoshi pattern.

The blockchain analytical firm also mentioned that although Satoshi had mined an unbelievable aggregate of Bitcoin, he did not accumulate such a huge amount for himself.

It is to be noted that the Patoshi miner wanted the Bitcoin network to grow and also to keep it safe from cyber attacks.

Satoshi believed that in the future, the young Bitcoin Network would have to face cyber-attacks, therefore, he decided to maintain the pattern.

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    Bitcoin Creator Owns BTC Worth $10.9 Billion: Whale Alert
    Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.

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