Australian Craig Wright claims to be Bitcoin inventor Satoshi Nakamoto

An Australian entrepreneur has publicly identified himself as the inventor of the digital currency Bitcoin.

Dr Craig Wright made the announcement during an interview, apparently ending years of speculation about a person who, until now, has gone by the pseudonym Satoshi Nakamoto.

Mr Wright said he wants to allay fears about the digital currency and help people understand its potential.

Mr Wright reportedly provided technical proof to verify his admission, using coins known to be owned by Bitcoin's creator.

However, the revelation has received a mixed response on social media with many skeptical of Dr Wight's claims.

Bitcoin is an entirely virtual currency that works without the need for a central bank, and can be sent over the internet.

Coins are transferred directly from person to person, and are kept in a digital wallet that can be accessed on a computer or mobile device.