CURRENT AFFAIRS

Detailed explanation-1: -The imposing bronze statue was unveiled in Hungary’s capital, Budapest. This is the first such statue across the world to pay homage to the creator of Bitcoin digital currency. It has been constructed in a business park near the Danube River in Budapest.

Detailed explanation-2: -A bronze statue paying homage to “Satoshi Nakamoto, ” the anonymous creator of Bitcoin, was unveiled in Budapest, Hungary. The initiator of the project called Satoshi “the founding father of the whole cryptocurrency industry.”

Detailed explanation-3: -Satoshi Nakamoto Bust – Budapest, Hungary - Atlas Obscura.

Detailed explanation-4: -Satoshi Nakamoto is the pseudonym used by the creator or creators of Bitcoin. The identity of Satoshi Nakamoto is not publicly known. One of the first major public investigations ended with Dorian Nakamoto being identified as Bitcoin’s creator, but he continues to decline the claim.

Detailed explanation-5: -The estimated net worth of Satoshi Nakamoto is 1 million Bitcoin (BTC) valued at approximately US $48 billion as of December 2021. Satoshi’s wallet owns nearly 5% of all the Bitcoin ever mined, but no one has ever processed a transaction through the wallet address.