Crypto Academy Season 3 Week 6 | Home Work Post by Professor @awesononso| Satoshi Nakamoto,Wei Dai and Cryptocurrency Units of Measurements

in SteemitCryptoAcademy3 years ago

Steemit crypto accademy.jpg
source

Introduction

Hello friends how are you I hope you will be fine and leave a peaceful life. Today I am very happy. This is my first Home work task by professor @awesononso which is about Satoshi Nakamoto,Wei Dai and crypto Units of Measurements.Lets start our home work task.

Who is Stoshi Nakamoto?

Satoshi Nakamoto is a pseudonym used by the organization and persons who and they developed Bitcoin. He/They founder of Bitcoin. Bitcoin is a digital crypto currency. He also develops Blackchain data in the world. We don't says that Nakamoto is one person or group of people. Nakamoto published Bitcoin White paper in 2008. They invented Bitcoin software in 2009. We do not know actual identity of Satoshi Nakamoto.
The original identity of Satoshi Nakamoto has never been revealed. In 2012, Nakamoto claimed whose age is 37 years old lives in Japan. He is a male. The psedu of Satoshi Nakamoto is of japanes original. However the the posts of Nakamoto and internet forums is British english. Its native language is native english.
Satoshi Nakamoto himself claimed a Japanese but the bitcoin white paper does not contain any Japanese language.

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

There are many claims and theories of Satoshi Nakamoto identity but I will explain only two.

Nick Szabo

1_gUypi_mpNPqT9dcAuIYiHg.jpeg
source

Nick Szab is a computer engineer. He is a man of American nationality. He is a lover and protector of Bitcoin. He is also known as Nicholas Szabo. A bloger in December 2013 named as Skye Grey linked the Nick Szabo to the bitcoin white paper using an approach is known as ''stylometric analysis". He is also conceptualized the currency is known as ''Bit Gold'' precurser to bitcoin in 2008. He described Bit Gold as

“a protocol whereby unforgeable costly bits could be created online with minimal dependence on trusted third parties.”

This is similar to Bitcoin concept. Bit Gold one of the pionneering form of digitals currency. He develop this digital currency but did not implement it. Bit Gold theory is considered precurser the bitcoin theory.

Dorian Satoshi Nakamoto.

download (1).jpg
source
Dorian prentice Satoshi Nakamoto was a japanese lived in america. Satoshi Nakamoto was identifies by leah McGrath Goodman a journalist. Dorian Nakamoto worked as system engineer and computer engineer for information technology and different companies. Goodman pointed a number of facts that a Dorian Nakamoto was a true inventor of Bitcoin. 1990 Nakamoto was laid and turned of libertarian. According to his daughter he encourged to start his on business and do not under the government thumb.
In a big evidence a Goodman wrote his article when she asked about Bitcoin during the interview Nakamoto coferm his identity and said.

"I am no longer involved in that and I cannot discuss it. It's been turned over to other people. They are in charge of it now. I no longer have any connection."

Dorian Nakamoto said during his interview he denied all connection of bitcoin.

Who is Wei Dai

ofo-Dai-wei.jpg
source
WEI DIA is graduated in computer science and mathematician of chinies origin in Washinton University. He is also known of contributions of cryptography and cryptocurrencies. Wei Dai is related to satoshi Nakamoto.
He Developed Crypto++ cryptographic library and the b-memory cryptocurrency. and he was also co-operated with VMAC messege authentication algorithm and so many other projects. WEI DAI helped the spark in 1998 in cryptocurrencies whith the help of b-memory as anonymous of digital cash system. His fundamental idea was applied on Bitcoin and cryptoworld in general. Satoshi referenced dias work in 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)

At the time of performing this task the price of Bitcion in market is $39,672.21. According to coin marketcap.

2021-08-04 (2)_LI.jpg

Calculate a Satoshi with Bitcoin

1 Satoshi=0.00000001 BTC

And

1 BTC=$39,672.21

And then we used this formula

1 Satoshi=0.00000001*39,672.21

1 Satoshi=0.0003967221

1 Satoshi=$0.000397(the result is three s.f)

This is 1 Satoshi valus of Bitcoin

WHAT IS THE CURRENT VALUE OF ETHER ON THE DAY YOU PERFORM THIS TASK? CALCULATE THE USD VALUE OF A GWEI OF THE CURRENT VALUE. (SHOW WORK COMPLETE AND UP TO 3 s f)?

At the time of performing this tash the current value of Ethereum is $2701.20

2021-08-04 (3)_LI.jpg

To calculate value of Gwei we must know that first

1 Gwei=0.000000001 ETH

1ETH=$2701.20

And then we use this formulla

1Gwei=0.000000001*2701.20

1Gwei=0.00000270120

1Gwei=$0.00000270(3 s.f) Result

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

Steem blackchain does not have the name of their subunits. First go on your steemit account and open wallet to transfer steem to our friend and then go on steem.

2021-08-05 (2)_LI.jpg

I will transfer 0.001 steem to my friend @usman77

2021-08-05 (5)_LI.jpg

Put your friend name carefully enter amount up to 3 decimel point and click on next button. After clicking the next button confirm your transfer click on ok button and 0.001 steem is transfer to your friend .

2021-08-05 (4)_LI.jpg

This is a very informative lesson for me in Crypto Accademy. It vast my knowledge.I learnt many new things from this lesson such as how to calculate the units Bitcoin and ETH. I am very thank full to my professor @awesononso.

Thanks....

Cc:

@awesononso

Sort:  

Hello @tasmiya,
Sorry but you were powering down when you submitted this task as indicated below;

5AE8EDC8-C79E-4383-A9C2-2DE7BAE3EA9D.jpeg

Because of this your work could not be reviewed.

You should move on to other tasks if you are eligible. Always make sure you are not powering down when you submit a task.

I hope you understand.

Thank you.

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.029
BTC 57800.38
ETH 3127.30
USDT 1.00
SBD 2.40