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Hello everyone
It is a wonderful opportunity granted to me to engage fully with my dear friends, classmates and Professors of Crypto Academy.

The Steemit Crypto Academy Week 1, the Crypto Academy professor @gbenga from #nigeria lectures us on this title Blockchain and Blockchain Consensus Mechanism. I really learnt a lot and very glad to submit my assignment as my title page.

INTRODUCTION

Satoshi Nakamoto change the narrative of finance with the introduction of bitcoin and subsequently, all other cryptocurrencies and trading that follows.

Who is Satoshi Nakamoto

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According to crypto professor @gbenga in his lecture:

Satoshi Nakamoto is regarded as incognito, he/she is regarded as he founder of Bitcoin and released the Bitcoin whitepaper in 2008. The creation of Bitcoin and Blockchain technology is highly needed because there is a great diatrust in the world's centralized banking system.
There have been a lot of mystery about the person behind the Satoshi name, some people believes it is the name of a person, while some people say it is a name of a group of cypherpunks A few individuals have been regarded as Satoshi Nakamoto although, all of them have openly denied it making the foundation of Satoshi Nakamoto more mysterious. These people are Hal Finney, and Nick Szabo, Dorian Nakamoto.sources.

From the lecture, we can see that Satoshi Nakamoto is the pseudonymous name of the person, group of persons or entity. With the releasing the whitepaper of Bitcoin in the year 2008, He/she successfully invented the first truly functional cryptocurrency called the Bitcoin which is discentralized, digital currency that can be store or trade exclusively online. This name Satoshi Nakamoto is now almost inseparable from Bitcoin, although the actual individual that the name addresses has never been discovered, driving numerous individuals to accept that it is a nom de plume an individual with an alternate character or a gathering of individuals.
Satoshi Nakamoto may not be a genuine individual. The name may be a pen name the maker or makers of Bitcoin who wish to stay mysterious.

For the vast majority, Satoshi Nakamoto is the most baffling character in digital currency. Until now, it is muddled if the name alludes to a solitary individual or a gathering of individuals. What is known is that Satoshi Nakamoto distributed a paper in 2008 that kicked off the advancement of cryptocurrency.

What is Blockchain

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The Blockchain is the underlying technology behind cryptocurrency and the name was coined in 1991 by a group of researchers which includes Stuart Haber and W. Scott Stornetta. It is a decentralized distributed ledger on which information is stored. It comes from two words; Block and Chain which means that it is a chain of organized blocks containing data/information. It involves a computational method of recording time-stamped records to prevent tampering and backdating.

With the year that blockchain technology came into existance, it is already existed before cryptocurrency but it became a major thing in 2009 when Satoshi Nakamoto created Bitcoin, a cryptocurrency on the technology.

THE EFFECTS OF SATOSHI NAKAMOTO AND BLOCKCHAIN ON FINANCE

The introduction of Bitcoin which run effectively on Blockchain are very helpful to curtail the effect of financial crisis rocking the global economy. Many of these financial woes enamented from the greedy and dishonest people that are financial institutions.

However, being a discentralized financial system, the invention of Blockchain technology, the world finances has became less centralized and individuals are fully in control of their money. There are no central banks in government affecting directly the value and use of cryptocurrencies across the Blockchain.

Modern financial ecosystem has been improved with more people, companies and even financial institutions embracing Blockchain technology and cryptocurrencies. As they are now in total control of the money, there is a total global shift in our finance sector from control and hold in trust by financial institutions. This wonderful innovations are here to stay and change our finance sector in positive ways with many benefits unlike before.

Today Bitcoin is a worldwide marvel. Individual bitcoins sell for a large number of dollars. The cost has dropped steeply from its pinnacle of almost $20,000 in December 2017, however review that, toward the start of 2017, one bitcoin sold for under $1,000. Then, swarms of other cryptographic forms of money have dispatched, however none has pulled in very as much premium from clients or financial backers as bitcoin, and investors empty millions into new companies hoping to profit by the hidden innovation.

Everything began with the white paper. At the point when Nakamoto distributed the paper, a significant number of the fundamental ideas of Bitcoin previously existed, including the possibility of giving computerized cash to individuals who committed registering assets to an issue. However, Emin Gün Sirer, a software engineering teacher at Cornell University, credits Nakamoto with a significant discovery: an approach to guarantee that clients trust each other, and the organization, without depending on guardians.

CONCLUSION

Most traditional finance experts never see this coming and progress of Bitcoin and Blockchain marvels them but it has proves to be a true invention that have improve the financial ecosystem globally. With many multinational financial cooperations are investing in the cryptocurrency sector. Although many Governments like #nigeria etc are unhappy with it progress but can't stop it power and wonderful improvement. Soon, many Governments of the world will accept it as many people had already adopt Blockchain technology and process all their traditional currency in cryptocurrency form.

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Thanks for reading. I also appreciate the wonderful efforts of:
@steemcurator1
@steemcurator2
@steemcurator3
@gbenga
@yohan2on
@steemcurator4
@talfaIgar
@stephenkendal
@focusnow
@whitestallion
@booming1
@booming2
@booming3
@esc