Season 3 week 6-Home work post for @awesononso on Satoshi Nakamoto,Wei Dai, crypto units of measurement By @Gida
Hello !
Is another exciting week on the Academy and am happy to he part of this great lectures delivered by our hard workibg professor @awesononso i have really learned alot from this lectures am glad i aas a part of it and below is my own explanation of some of the questions in our home work.
Questions
1 Who is Satoshi Nakamoto?
2 Write on two claims/theories of Satoshi Nakamoto’s identity.
3 Who is Wei Dai?
4 What is the current value of Bitcoin on the day you are performing this task? Calculate the USD value of one satoshi of the current value. (Show full working and to 3 s.f).
5 What is the current value of Ether on the day you are performing this task? Calculate the USD value of one Gwei of the current value. (Show full working and to 3 s.f).
6 Transfer 0.001 Steem to an account. Then send 0.0001 steem. Show what happens and state why.
(Screenshots with username tag).
WHO IS SATOSHI NAKAMOTO
Satoshi Nakamoto the name for the unknown individual or association that is accepted to have made Bitcoin and furthermore distributed its whitepaper. The genuine character of the individual or organization behind this is still a mystery . any information about this individual or whereabouts is significantly unknown .
He honored the world with a straightforward decentralized money system that battles the impediments and issues rising up out of the incorporated monetary framework. Bitcoin is viewed as open-source and isn't claimed by any administration. It has a place with every individual who takes an interest. Satoshi's Bitcoin has likewise propelled and prompted the advancement of incalculable other cryptographic forms of money, and thus, is viewed as the Mother of all digital currencies. Consequently, a huge dunk in the cost of Bitcoin is individually capable among different types of digital money. Similarly, a negligible increase in the cost of Bitcoin positively influences the cost of different Coins and Tokens the same.
Despite the fact that Nakamoto worked together with different architects and engineers during the beginning phases of Bitcoin, this person didn't share any close to home facts and limited conversations to the specialized level. The name "Satoshi Nakamoto' is of a Japanese beginning, in any case, posts of Nakamoto on web discussions are in British English at the local level. Endeavors to reveal the maker of Bitcoin stay unabated and generally purposeless eventually. To this end, the identity of the maker or makers of Bitcoin, Satoshi Nakamoto, is passed on to the wild human minds.
TWO CLAIMS/THEORIES OF SATOSHI NAKAMOTO'S IDENTITY
People in general just want to jnow the real identity of this great man and how he came about with bitcoin thwy asked questn and google about him. this has make peole claim to be this man some of them are;
Dorian Satoshi Nakamoto
This was an excellent work to uncover the personality of the author of bitcoin. Dorian Nakamoto was recognized as the maker of Bitcoin in 2014 by Newsweek.
A few likenesses was asserted between Satoshi Nakamoto and Dorian Nakamoto. For instance, Satoshi Nakamoto and Dorian Nakamoto was conviction to comprehend Japanese language. Dorian Nakamoto is a Japanese-American, that went to California Polytechnic and study Physical science, after his graduation he dealt with arranged safeguard projects. The creator of Newsweek guaranteed that Dorian Nakamoto was "presently not engaged with whatever has to do with bitcoin that he had given everything to other people".
The circumstance became genuine until Dorian Nakamoto mediate by saying that it was a misunderstanding,that he was alluding to an alternate task of his. Despite the fact that he told the creator of the Newsweek, that he doesn't have anything to do with it. Many individuals didn't accept that Dorian Nakamoto is the originator of bitcoin, a ton of crypto local area was alarmed that his protection had been manhandled in light of the fact that a photo of his home was distributed. After the episode happened a mission was raised online where more than 100 bitcoins was gotten for Dorian Nakamoto to say thanks to him. Dorian Nakamoto later showed up in a YouTube video along with pledge drive Andreas Antonopoulos to thank everybody that has upheld him should particularly the bitcoin local area.
Craig Wright
A great deal of people whom that were associated with being Satoshi Nakamoto have denied the guaranteed. Albeit the instance of Craig Wright in relation to others that have stayed quiet. Craig Wright is an Australian researcher, who composed on his profile in December 2015, guaranteeing that he had "acquired the genuine proof of Satoshi Nakamoto personality." The post turned into a web sensation on his Skype during the time bitcoin financial backers was on gathering in Las Vegas. At the point when Craig Wright was gotten some information about the proof of his asserted, he then, at that point change the words that he was only "a touch of everything."
Craig Wright verification includes reference to a digital currency whitepaper, that was distributed on his blog before the flow of the first bitcoin whitepaper. Likewise an email with referred to "P2P disseminated record" was released and furthermore a tap records of the gathering he held with charge authorities was lead also. The contained of the tap as indicated by the expense authorities who cited him said: "I put forth a valiant effort to attempt to shroud the way that I have been into bitcoin since 2009.
Who is Wei Dai
As indicated by my exploration Wei Dai is computer guru capable in cryptography and digital money. He made the crypto++ library. He has tremendously added to cryptography and furthermore recognized and enhanced the lacks in CBC (critical Block Chaining). Another bringing in thing Wei Dai is noted for is the proposition of B-money which really filled the requirement for electronic money for sure later formed into what we call digital currency today. In spite of the fact that it was proposed however it never came into the real world, we just saw it shadow in Satoshi Nakamoto's Bitcoin and other digital currency we have today. Wei Dai was said to have a sort of relationship with the bitcoin maker in that his proposition was based upon to have the first and the greatest coin we have on the planet by and by. It was recorded that he reached Satoshi in year 2008 while he was chipping away at bitcoin, this case was subsequently affirmed on the grounds that the b-money paper was subsequently referred to in the Bitcoin white paper.
What is the current value of Bitcoin on the day you are performing this task? Calculate the USD value of one satoshi of the current value. (Show full working and to 3 s.f).
As at when i was doing this home work the price of bitcion was as seen in the screenshot below.
To calculate USD value of one satSatoshi of the current price of bitcion
To calculate USD value of one satoshi of the current price of bitcoin will be:
1 satoshi = 1/100000000 × 1 BTC
1 BT= $40,596.45
Therefore, 1 satoshi = 1/100000000 × $40,596.45
1satoshi= 0.0004059645
(to 3 s.f) 1 satoshi=0.000406
What is the current value of Ether on the day you are performing this task? Calculate the USD value of one Gwei of the current value. (Show full working and to 3 s.f).
As at the time i was doing this work the price of Ether is seen in the screenshots below
To calculate the USD value for one Gwei of the current value will be
1 Gwei = 1/ 1000000000 × 1 Ether
1 Ether = $2,776.81
Therefore, Gwei = 1/1000000000 × 2,776.81
1 Gwei = $0.00000277681
(to 3 s.f) 1 Gwei = $0.00000278
Transfer 0.001 Steem to an account. Then send 0.0001 steem. Show what happens and state why.
(Screenshots with username tag).
The screenshots below shows how i successfully send 0.001 steem to sadiqxylo the second screenshot shows confirmation of my transaction with my account name.
The above screenshots shows how i wasable to send 0.001 steem to sadiqxylo
below of the screenshots shows how i was not able to send 0.0001steem to sadiqxylo
This is to say steem can only be sebt in 3 decimal place but not more.
Thanks for your attention.
@awesononso
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