HOMEWORK

1.Who is Satoshi Nakamoto?

• Satoshi Nakamoto maybe a male or a female or a group of people,but the truth is that nobody knows who he is.
  The only thing we know is that Satoshi Nakamoto published Bitcoin White paper in 2008 and Successfully invented Bitcoin in 2009.
  Satoshi Nakamoto created means of escaping centralisation and this has changed lives of millions of people today, The invention of Bitcoin through Satoshi Nakamoto is true freedom even though nobody knows who Satoshi is, What we know is that Satoshi Nakamoto is Famous and Successful.

2.Write on two claims/theories of Satoshi Nakamoto's identity.

1. Adam Back

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One of the claim is Adam Back because before 2008 when Satoshi Nakamoto was working on the whitepaper of Bitcoin,Adam Back was among the first set of people that met him ,In 1998 He also said something on technology and cryptocurrency in various occasions before 2008, because people did not hear from him again after many years they assumed that Back ignored Bitcoin for a while and joined other communities that has great favor toward technology.Another reason is, Adam Back first post and his reply to other bitcoiners on the bitcointalk.org forum shows his technical understanding of the blockchain was more advanced than most . That is why people suspect that Adam Back maybe Satoshi Nakamoto.

2.Nice Szabo

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• Nice Szobo was a Computer Scientists who communicated regularly with early pioneers of Bitcoin like Hel Finny and Wei Dai, when Dai wanted to build his own cryptocurrency known as b-money,

  Nice Szabo was also described as blockchain, cryptocurrency and smart contract pioneer,he was also working on a cryptocurrency called bit gold before Bitcoin came into existence, when he was working on this cryptocurrency known as bit gold,

  He said bit gold will enjoy an unforgettable blockchain, which has similarity in what is in Bitcoin White paper.

  3.Who is Wei Dai?

  Wei Dai

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  Wei Dai is a computer Engineer who was listed as an inventor of b-money,He has made numerous contributions in the field of cryptography,Wei Dai helped to motivate people interest in cryptocurrencies trough the publication he made towards b-money which he distributed electronically in 1998.

  In 2008 when Satoshi Nakamoto was dedeloping Bitcoin,Wei Dai and Adam Back were the first two people he contacted,And in Bitcoin whitepaper,the b-money whitepaper was also referenced in it, People also suspect Wei Dai as Satoshi Nakamoto.

  4.What is the current value of Bitcoin on the day you were performing this task? Calculate the USD of the current value (show full working to 3s.f?)

  Bitcoin was $38,308.00.by 12:40 pm 5/8/2021 when I was performing this task.

  

  So let us do the calculation
  1 satoshi=1/100000000 BTC
  1 BTC=38,308.00
  ...1 satoshi=1/100000000×38,308.00
  1 satoshi=$0.00038308
  1 satoshi=$0.000383(3s.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 3s.f

  12:45 pm 5/8/2021 /1.Ether was $2644.38

  

  1 Gwei= 1/100000000× 1 Ether
  1 Ether=2,644.38
  So
  1 Gwei=1/100000000×2,644.38
  1 Gwei=$0.0000264438
  1 Gwei=$0.0000264(3s.f)

  6.Transfer 0.001 steem to an account then 0.0001 steem.
  Show what happened and state why (screenshots of the coin values for the day of the calculation.

  

  

  

  

  The transfer was successful because steem 👆allow only 3 decimal point.

  This one was not successful because is 4 digits not 3
  

  In Conclusion I want to thank you @awesonono,@bento3,@sapwood @boss75