The world of crypto is a community built under the influence of countless important individuals, but there are those who stand out with how much their actions and words have turned the cryptosphere around.
Their impact have made it possible for crypto to be more than just a quirky internet token and challenge the conventions of traditional finance. Today at BTC Post, we will introduce you to the big names in crypto as well as how they made a colossal impact in the industry. Check out who managed to land their name on our list below:
Satoshi Nakamoto: The crypto maker
Despite not having a definite identity, we have decided to include the name of the one who started it all in our list of the big names in crypto. Nobody knows who Satoshi Nakamoto is, but this name alone can spark the curiosity of any crypto enthusiast. If you haven’t known about the great Satoshi Nakamoto yet, he is the one who is credited to have made the first cryptocurrency in the world, which is Bitcoin.
On October 13, 2008, Satoshi published the whitepaper entitled ‘Bitcoin: A peer-to-peer electronic cash system’ on a cryptography mailing list. In this whitepaper, he proposed to create the cryptocurrency Bitcoin as a solution to the 2008 global financial meltdown that exposed the countless shortcomings of traditional currency.
Shortly after publishing the whitepaper, Satoshi registered his Bitcoin project on SourceForge, an open-source code platform. On January 3, 2009, Bitcoin’s genesis block was mined, starting its legacy as the most successful digital token.
Satoshi Nakamoto’s impact on crypto: What hooked the crowd?
Aside from being the creator of the first cryptocurrency, Satoshi Nakamoto is also seen as a central figure in the world of digital tokens. His strange disappearance doesn’t help people’s curiosity towards his real identity. In fact, most people don’t even think that Satoshi Nakamoto is alone in creating the most influential cryptocurrency in the digital token ecosystem.
Whoever hides behind the pseudonym surely has power over the world of crypto and those whose names are attached to this infamous pseudonym are often seen as influential figures in the digital token industry. These names include Vili Lehdonvirta and Gavin Andresen, two prominent software developers in the world of crypto. The influence of Satoshi Nakamoto in the crypto industry as well as the financial world was so immense that he was even nominated for a Nobel Prize in Economic Sciences way back 2015!
Vitalik Buterin: The father of decentralized finance
Vitalik Buterin is a programmer that co-founded the second most popular cryptocurrency in the world, Ethereum. Buterin was only 17 when he was introduced to Bitcoin in 2011 by his father. The concept of digital currency sparked interest in Vitalik, which prompted him to launch the Bitcoin Magazine alongside Mihai Alisie in 2012.
During this year, he also joined the International Olympiad in Informatics, an annual programming competition for secondary school students. He won the bronze medal in this competition and has shown his competence in the field of programming despite being relatively young.
In 2013, Vitalik published the whitepaper for Ethereum and proceeded to make the project a reality in 2015 alongside Gavin Wood and Joseph Lubin.
How did Vitalk Buterin influence the world of crypto?
This Russian-Canadian programmer’s work on the Ethereum blockchain ecosystem formed the foundation of Non-Fungible Tokens (NFT) and decentralized finance (DeFi). The genius work of Buterin made Ethereum the multibillion company it is today. Aside from this, Vitalik also opened up the opportunity for Ethereum users to use Dapps, which are applications that run on blockchain and are therefore decentralized.
These applications exist outside of the purview of any central authority, allowing users to safeguard their privacy. Moreover, it takes away the authority of the app creators to censor the content of their program.
Buterin is also taking a step forward in improving Ethereum’s blockchain by upgrading it from the inefficient proof-of-work model (PoW) to the more sustainable and sustainable proof-of-stake (PoS) model.
According to Alexis Ohanian, the founder of software-enabled venture firm called Seven Seven Six and the former executive chair of Reddit, Vitalik is a special individual in the world of crypto due to his ability to build builders. There is no one person that could have thought of all these innovations for Ethereum, but Vitalik’s ideas became the starting point that gave rise to multiple ways in leveraging blockchain technology.
Elon Musk: The billionaire game changer
Unlike Nakamoto and Buterin, Elon Musk isn’t involved in creating cryptocurrency and developing blockchains. However, he is a celebrity businessman who can sway crypto investors and greatly influence the digital currency ecosystem with his opinions.
A popular example of this is how he boosted Dogecoin with just a simple tweet saying ‘Dogecoin is the people’s crypto’. Elon Musk also pushed Bitcoin into the mainstream when he publicly told the press during The B Word Conference that SpaceX is investing in Bitcoin much like Tesla.
Changing the crypto world, one tweet at a time
Elon Musk has always been vocal about his support in cryptocurrency and has even influenced other people to invest through his tweets. Despite not having a direct influence on the technology behind crypto, Elon Musk’s words alone can influence the investors and turn the tides on whichever crypto he favours as seen in how the price of Dogecoin surges whenever Musk tweets about the meme token.
Nayib Bukele: An influential leader in the world of crypto
Nayib Bukele is the only politician on our list of big names in crypto. He is the 37-year-old president of El Salvador who broke the three-decade-long stranglehold of Farabundo Marti National Liberation Front (FMLN), one of the two major political parties in El Salvador, on the country.
As a president, Bukele is known to have an eye for the future and persistence to chase innovation. The proof of this is shown in how he supports cryptocurrency and even made El Salvador the first country to make Bitcoin as a legal tender.
Paving the way for crypto as a legal tender
Nayib Bukele made headlines in the crypto community when he made Bitcoin a legal tender in El Salvador on September 7. This act reinstated the value that digital tokens have on the financial world and have even influenced other countries like Paraguay and Ukraine to look into making Bitcoin legal in their country.
As a result of Bitcoin being considered legal, it would now have a wider scope of influence in the financial world and would make it easier for users to purchase goods with their tokens.
Bitcoin (BTC) $ 16,810.74 1.05%
Ethereum (ETH) $ 1,229.20 2.19%
Tether (USDT) $ 1.00 0.02%
BNB (BNB) $ 283.58 1.66%
USD Coin (USDC) $ 1.00 0.05%
Binance USD (BUSD) $ 1.00 0.06%
XRP (XRP) $ 0.389514 0.8%
Dogecoin (DOGE) $ 0.096242 3.9%
Cardano (ADA) $ 0.310387 1.92%
Polygon (MATIC) $ 0.890064 1.46%
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