Bitcoin founder statue – level 3

23-09-2021 07:00

Artists revealed a bronze statue in Hungary’s capital of Budapest. Its creators say that the statue is the first in the world to pay homage to the anonymous creator of Bitcoin digital currency.

The statue sits atop a stone plinth engraved with the name of Satoshi Nakamoto, the pseudonym of the mysterious developer of Bitcoin whose true identity is unknown. Members of Bitcoin believe that Satoshi is the founding father of the whole cryptocurrency industry. The statue, a featureless face wearing a hoodie with the Bitcoin logo, is heavily polished to make it reflective like a mirror in which viewers can see themselves.

Nakamoto created Bitcoin in 2008, following the global financial crisis, and the goal was to avoid traditional financial institutions by developing secure technology for online transactions without banks.

Difficult words: homage (special honor or respect shown to people), plinth (a heavy base supporting a statue or vase), pseudonym (a false name that someone uses instead of his real name).

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