Steemit Crypto Academy [Beginners’ Level] | Season 3 Week 6 | Satoshi Nakamoto, Wei Dai and Cryptocurrency Units of Measurement.

Good day steemians
Trust our day was good,I am @olawole111 a student at the steemit crypto academy I will writing my assignment on Satoshi Nakamoto, Wei Dai and Cryptocurrency Units of Measurement. and lecture was by @awesononso enjoy as you read!!

---

Who is Satoshi Nakamoto?

Satoshi Nakamoto is the said owner and founder of famous bitcoin white paper though nobody knows his real identity of satoshi Nakamoto maybe is a female or male ,satoshi Nakamoto device the first blockchain and he was the first person to make transaction on the blockchain.satoshi Nakamoto is the first person that created first block which is the Genesis block. 2008 Satoshi Nakamoto brought the idea of bitcoin and in 2009 it was fully implemented as the first digital currency which have been growing form that time to what all the whole world is embracing now.
So many people have claim to be satoshi but none have been verified to be nakamoto

---

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

NICK SZABO

Source

---

Nick Szabo was a cyberpunk , he wrote a post about a digital currency in 2005 and he is part of the circle of friends that is suspected to know the origin of bitcoin.Nick Szabo is a legal computer engineer who brought about a decentralized currency he called it Bit Gold, Bit Gold is described as “a protocol whereby costly unforgettable bits can be created online with little dependence on trusted third parties or intermediary. this is a similar concept like bitcoin with all this claims so many people were asking questions about Nick Szabo that is he the for long anonymous founder of bitcoin.

---

Craig Steven Wright

Source

Craig steven Wright was an Australian computer scientist around his early 50's , he also claimed to be part of the people that created bitcoin and he made this known publicly to everyone though the media is doubting the authenticity of what he said. There are two article that suggested in 2015 that Steven wright is the man behind the creation of bitcoin which are (Wired and Gizmodo), though some many people did not believe the article because the arrival of the number one online money is still a mystery to every one till today.
He was interviewed by the BBC and he promise that he is going to show that world a verifiable proof that he is the originator of the white paper.

---

Who is Wei Dai?

Wei Dai is a famous Chinese's engineer that has imparted very well in the cryptocurrency world
And is identity is not know to the world just also lime satoshi Nakamoto. Wei Dai is a cypherpunk and an enthusiast of cryptocurrency.he came about a digital cash in which he named b-money, B -money was suppose to be the first cryptocurrency in the world today but unfortunately it didn't really work out before the founder of bitcoin get same concept to build his own online currency which was successful

---

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

---

source

Solution
1 satoshi = 1/100000000 x 1 BTC

1 BTC = $43,806.09

1 satoshi = 1/100000000 x 43,806.09

1 satoshi = $0.0004380609

1 satoshi = $0.000438 (to 3 s.f)

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).

source

Solution

1 Gwei = 1/1000000000 x 1 Ether

1 Ether = $2,971.75

1 Gwei = 1/1000000000 x 2,971.75

1 Gwei = $0.00000297175

1 Gwei = $0.00000297 (to 3 s.f)

Transfer 0.001 Steem to an account. Then send 0.0001 steem. Show what happens and state why.

We can all see that when I tried to transfer 0.0001 it brought out an error signal, meaning that only 0.001 which is 3.S.F can be after a decimal in steemit, so every blockchain has their calculations and rule guilding it.

CONCLUSION

Finally, for now the founder of the bitcoin white paper is yet to be revealed though some set of people are bring our claims that they are the owner of the bitcoin White paper. The evidence behind their claim are not to valid.
Therefore, investigation is still going on, on who the founder of bitcoin really is.
Thanks to professor @awesononso giving this wonderful lecture.