Steemit Crypto Academy Season 3 Week 6 Hometown Task By @deeni1: Satoshi Nakamoto, Wei Dai And Cryptocurrency Units Of Measurement.
Hello everyone. It is nice being part of this week's lecture on Satoshi Nakamoto, Wei Dai And Cryptocurrency Units Of Measurement thought by our honorable professor @awesononso. I'm here to present my homework task on this great lecture.
Question 1
Satoshi Nakamoto has been the title given to the author of Bitcoin and this is often since the primary bitcoin square mined was followed to be within the title of Nakamoto. This title has been a great title for a long time since the identity isn't known and due to that, the name is assumed as a nom de plume.
There's no affirmation whether Satoshi Nakamoto could be a female, male, or a gather, or an organization for those entirety a long time since Bitcoin was created. There has not been any genuine personality of this title Satoshi Nakomoto.
Satoshi Nakamoto distributed Bitcoin's whitepaper within the year 2018 which he titled Peer-to-peer electronic cash framework and in 2009 he uncovered the Bitcoin program propelled as Bitcoin cash. We don't know who it is, all we know is that there's a virtuoso out there who changed the centralized budgetary system for the way better and denied to require credit for it. We don't know the reason for the namelessness but over the a long time a number of individuals may have claimed to be satoshi which is what sick be appearing you now.
Question 2
Nick Szabo
Nick sazbo is a computer researcher, legitimate researcher and a decentralized currency devotee who had published a paper on bit gold. Within the year 2013 he was found by a blogger named Skye grey who connected Nick
sazbo to the bitcoin whitepaper utilizing stylometric examination.
To beat up the claim, Nick sazbo by implication claimed to be in contact with other individuals of doubt who may not or may have been satoshi and satoshi himself. In 2011 on a commentary he talked approximately the Bitcoin maker and said: “My self, Wei Dai and Finney were the only individuals i know that enjoyed this thought.
Dominic frisby a monetary creator accepted that nick might’ve been satoshi but the circumstancial confirmations werent solid sufficient to back his truth. In spite of the fact that Nick messaged him to deny the claims by saying “ Much appreciated for letting me know. I'm perplexed you got it off-base doxing me as Satoshi, but I'm utilized to it.
Gavin Andresen
Gavin Andresen is an American computer science master and program engineer who is best known for his incredible commitment to the improvement of Bitcoin. In 2010, Andresen after took on a driving position within the Bitcoin center group after Satoshi reported that he would not be portion of the extend.
Beneath the administration of Gavin Andresen, he established the Bitcoin Establishment to request funds to back the creation and advancement of the virtual currency. As of now, he is the key investigate officer, and he too has get to to send cautions to its clients almost inside messages approximately the arrange. He is known to be worth $2 million.
Due to his extraordinary works within the bitcoin extend, most individuals generally denounce him of been Satoshi, but he denied all these affirmations. In 2016, to swerve from all these charges, he pointed out an Australian software engineer and Business visionary, Craig Wright, to be Satoshi. He but all these affirmations may or not be true.
Question 3
Wei dai is one of the trailblazers of crypto currency’s. He was suspected to have been satoshi but there have been no verification to bolster that hypothesis. Not at all like satoshi in spite of the fact that his personality is more uncovered in spite of the fact that he had overseen to create beyond any doubt his confront remained covered up so most individuals don’t truly know what he really looks like. There are a few photographs on what he looks like. I accept he ought to be more seasoned now since his extend was within the 90s.
Wei made the “crypto++” cryptographic library and the b- cash crypto money which shockingly didnt hit off precisely as arranged in spite of the fact that its outline work contributed towards the development of bitcoin. Wei dai is a chinese computer researcher and a cypherphunk. He proposed b-money in 1998 as an advanced cash on an annonymous dispersed record. Like i said prior it hadn’t worked out as arranged and couldnt hit off. Satoshi refrenced dais work in his bitcoin white paper and recognized him. Infact they indeed kept in contact through emails. With his commitment, crypto money was made conceivable . Thus wei dai played an indispensably and imperative part towards the presentation of bitcoin and cryptocurrency as a whole.
Question 4
At the time of doing my research Bitcoin's current price was valued at $39,740.72 when I was doing this homework.
Calculating the USD value of one satoshi of the current value.
With reference from the lecture about the breakdown of units for bitcoin,
1 satoshi = 0.00000001 BTC
1 BTC = $39,432.69
Therefore, 1 satoshi = 0.00000001 x $39,432.69
1 satoshi = $0.0003943269
Meaning that at the time of my research 1 satoshi was equal to $0.000394.
Question 5
The price of Ether as at the time of my research was at $2,706.99 from Coinmarketcap.
Calculating the USD value of one satoshi of the current value.
With reference from the lecture about the breakdown of units for ether, i would be using Gwei in finding the price of ether although Wei is the smallest unit as we saw in the lecture.
1. 1 Gwei = 0.000000001 Ether
2. 1 Ether = $2,635.18
Therefore, 1 Gwei = 0.000000001 x $2,635.18
3. 1 Gwei = $0.00000263518
Meaning 1 Gwei is equal to $0.00000264 at the time of my research.
Question 6
(Screenshots with username tag).
In this question i will be transferring 0.001 steem to @abu78
Step 1 First of all, I clicked on the avatar icon of my profile and then select on wallet.
Step 2 I then clicked on steem and then selects Transfer.
Step 3 Here i entered the username of the receiver and the amount of steem to be transferred which is 0.001 and then click on next.
Step 4 Click on OK to confirm the transaction.
The transaction was successful as we can clearly see from the image below;
Transferring of 0.0001 STEEM into the same account
Here we follow the same procedure like the above
Step 1 First of all, I clicked on the avatar icon of my profile and then select on wallet.
Step 2 I then clicked on steem and then selects Transfer.
Step 3 Here i entered the username of the receiver and the amount of steem to be transferred which is 0.0001.
But unfortunately an error occurred stating that "use only three digits of precision". This shows that STEEM only accepts a maximum of three decimal places on its blockchain network.
In conclusion, We don't know what the identity of Satoshi because it remains covered up but in case we are to figure why he or they may have wanted it so at that point it may well be for security reasons or to maintain a strategic distance from the government’s mediation as most governments haven't been in bolster of the decentralized program or still to maintain a strategic distance from media exposure.
Over all these hypotheses which may or may not be genuine, notwithstanding the title satoshi nakamato lives on as a image that has fundamentally changed the world. Thank you all.
Hello @deeni1,
Thank you for taking interest in this class.
Unfortunately, your post seems to contain spun content.
Cc:
@sapwood
@endingplagiarism
Please professor i don’t know why you are saying this is spun. Moreover you just underlined the words saying it’s spun without giving any evidence. Per my research and my understanding to the content i searched on that is how i understand it and i have written it in my own language.
Please professor @awesononso you have to come and make this clear to me because i don’t understand what you have done here.
@sapwood
@endingplagiarism
Come out with good justification please.
I’m much concerned about my reputation
First of all professor nonso, I do not see any reason this should be considered plagiarism. I have read the post through out. There is nothing wrong with it. You asked him to research and come out with his work. And he did that.
Do your task with diligence. Don’t work for favors of curators. Thinking you’d be considered a good worker.
Below are your offenses.
Links to post
https://www.google.com/amp/s/amp.theguardian.com/technology/2021/may/13/australian-man-craig-wright-who-alleges-he-created-bitcoin-takes-4bn-claim-to-london-high-court
@sapwood @endingplagiarism
You can’t just use this to analyze the whole work as a plagiarism contact.
Is it that you do not understand the words I wrote of what.
Please come out with a good justification. Cause this underlined words can’t make this content a plagiarized content. I have gone through at one of the students work @bibsonhabib, it was a similar issue. You justified his work wrongly but upon giving you proves it wasn’t one. So please come out with a good justification. Else my post can’t not be classified as one. I took my time to analysis this topic and came out with my own work. So I do not understand why you are saying all this stuff.
Kind regards to @sapwood, @endingplagiarism @steemcurator2