Steemit Crypto Academy | Season 3 Week 6 | Satoshi Nakamoto, Wei Dai and Cryptocurrency Units of Measurement by @wenceslaowi

WHO IS SATOSHI NAKAMOTO?

Satoshi Nakamoto is the nickname given to the creator of Bitcoin since it is not really known who he is or was, he was involved in the first years of the creation of bitcoin, during the last decade he completely disappeared from the internet.
What is known is what he did, in October 2008 he devised the Bitcoin protocol and it was published in a scientific article on Cryptography Mailing List. In 2009, I created an open source software to connect computers to each other and gave rise to the network that supports the Cryptocurrency, allowing the network to do simple tasks, such as, make transactions between users, verify that two currencies are not wasted at the same time. time, etc. He released version 0.1 of the bitcoin client, currently known as Bitcoin Core and in 2011 Nakamoto disappeared, without knowing anything about him. Nakamoto is said to have approximately one million bitcoins, the identity of Satoshi Nakamoto remains a mystery. Thanks to him there is this cryptocurrency that has great value.

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

Craig weights is an Australian scientist and also a businessman, who claims to be Satoshi Nakamoto, founding father of Bitcoin but his claims and proof were false because he posted a string of numbers which will be copied and assess by anyone rather than providing a digital signature that only him can asses to point out the planet that he's Satoshi Nakamoto.

Nick is a software engineer, cryptographer, and lawyer who had the honor of introducing the concept of smart contracts in a 1996 document, as well as that of Bit Gold in 2008, digital currencies, and others.Dominic, a very respected person at present, published The Future of Money? Where he said that they link Nick with Satoshi since it was based on a stylometric study where he said that he found that the writings of Szabo and Satoshi are almost the same and there the first theory that Nick Szabo is born. May be nakamoto, Nick Szabo is also suspected of having changed the date of a blog he created in 2005 to 2008 to hide his identity due to how popular the currency is today.

Who is Wei Dai?

Wei Dai, is a genius of cryptography, hailing from Japan, however, his life is kept private and is not known in detail, Recognized by the world as a computer engineer where he obtained his bachelor's degree, for his contributions to cryptography and cryptocurrencies. I develop the Crypto ++ which is a free and open source library, with cryptography written by Dai. He is remembered for being one of the first to talk about cryptocurrencies in the year 1998.
Wei Dai, was a member of cypherpunk, dealing with issues of the exchange system, information encryption, Big Data, among other issues that he knew how to express quite safely. He even researched politics, philosophy and social attack. He created the cryptocurrency system known as b-money and was one of those proposed by the VMAC in 2007.One of his big projects was b-money, as I already mentioned, with which Dai took an important step towards a global value exchange system, this without depending on the government. Dai sent the members of the white paper lists some concepts that were implemented in Bitcoin by Satoshi Nakamoto some time later. This system created by Wei Dai has a lot of similarity to Bitcoin, all his work has earned him for being the suspect of Nakamoto's true identity. However, Wei Dai has denied being Nakamoto, although they say that he had direct communication and his relationship with him is somewhat limited.

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).

To calculate the worth of a Satoshi at this point we must first know that:

We have the following formula:

At the time of completing this task, the worth of the Satoshi in USD is $0.004317392

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).

We apply the following formula

To 3 square feet
1 Wei = $ 0.00000296295

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

(Screenshots with username tag).

• First log in the wallet by private key.

• Click the steem and the then click on transfer.

• fill the amount with the name like I want to transfer my steem to prof.@awesononso

• After that I am put my active owner key and then Click ok.

• steem transfer will sucessfull.

• After the transfer is successful you can see the history of my account.

Send 0.00001 steem. Show what happens and explain why.

Next, we are going to see what happens when I want to transfer a much lower minimum amount than the normal amount, which would be 0.00001 STEEM, let's see what happens.

In the image we can see how the system indicates an error, and tells us that only 3 digits can be used and that the STEEM is divisible only up to 3 digits. We can say that the Steemit blockchain so far only handles the maximum of 3 decimal places and no less than that, which does not allow transferring for less than that amount.

Conclusion

We must always know where we come from and then understand where we are going. Knowing the history behind the blockchain, Bitcoin and all cryptocurrency in general is the result of everything we are experiencing with this new technology that has been changing our lives since 2009.The fractions of Bitcoin and Ether make us think from how small we began to dream, and in this short trajectory of just 13 years everything that has been achieved. It is the result of effort, concentration and the desire to evolve and break with the paradigms that have established us throughout this existence.
All this approach is reason more than enough to hide the identity of brilliant minds that faced a traditional system and managed to defeat it.

Thankyou

@awesononso
@steemblog