Hello fellows. How are you all?
This is @ahtishamghumman5, here I am going to share my homework post on the topic ''Who is Satoshi Nakamoto" "Who is WEI DAI" given by a respected Professor @awesononso.
Still, now no one knows who’s Satoshi Nakamoto. He’s a male, female, or a group of people even though we don’t have his picture, address, or contact. If we research satoshi Nakamoto, we know he’s the first person who invented Bitcoin and wrote the white paper, and created the genesis block of bitcoin’s blockchain.
When we do more search we came to know that he was born on 5 April 1975 and he’s a Japanese male but mostly community didn’t accept this because on the Bitcoin whitepaper there’s no clue of Japanese language even due to his perfection in the English community didn’t accept it.
WRITE ABOUT TWO STATEMENTS / IDENTITY THEORIES OF SATOSHI NAKAMOTO?
Vincent Van Volkmer is an Artist and he was born in Los Angeles. He’s also a mathematician and cryptologist also many people think that he’s the developer of Bitcoin but he claimed his self he’s not the developer and he’s not Satoshi Nakamoto but here are some reasons why people think that he’s Satoshi Nakamoto.
He spent some years in Japan and he’s very crazy about Japan many people say that may be due to his craze for japan he chooses this name but as I said before he claimed himself he’s not Satoshi Nakamoto. When we search about Vincent on google we will see the above picture.
Source
When we search on google about Satoshi Nakamoto we will see this picture. He's a Japanese American with the name of Nakamoto and many people say that he’s Satoshi Nakamoto but in reality is he’s Satoshi Nakamoto? No one knows about this.
When someone took his interview about Bitcoin in that interview he said that “I am no longer involved in that and I cannot discuss it. But after some time he denied that he’s Satoshi Nakamoto and he don't know about Bitcoin and he said he never heard about this currency before.
Wei Dai is a Chinese Computer Engineer. He did his Bachelor of Science degree from the University of Washington in Computer science. He mostly knows B-money Crypto ++ and VMAC. He created the b money cryptosystem and the VMAC message authentication algorithm.
He invented B-money as the first cryptocurrency but it was never fully carried out. After this Satoshi Nakamoto contact him through emails and he used his idea and make his first successful cryptocurrency. When we do more search on this topic we came to know it can be possible for Dai to just change the name of b-money to Bitcoin but Dai didn’t claim he’s Satoshi Nakamoto
The current value of Bitcoin when I was performing this task is $37793.62, as it can be seen in the below screenshot which I took from Coinmarketcap.
In this task, the professor asked to find the value of 1 satoshi.
And we know that 1 Satoshi = 0.00000001 BTC
1 BTC = $37793.62
So, to find the value of 1 Satoshi in USD
1 Satoshi = 0.00000001 * 37793.62
1 Satoshi = $0.0003779362
So, at the time of performing this task, the value of 1 Satoshi is $0.0003779362.
The current value of Ether when I was performing this task is $2492.39, as it can be seen in the below screenshot which I took from Coinmarketcap.
In this task, the professor asked us to find the value of 1Gwei.
So, we know that 1 Gwei is defined as 1 billion of an Ether or One Gwei is equal to 0.000000001 Ether.
Now to calculate the value of 1 Gwei in USD
First,
1 ETH = $2492.39
1 Gwei = 0.000000001 ETH
1 Gwei = 0.000000001 * 2492.39
1 Gwei = $0.00000249239
So, at the time of performing this task, the value of 1 Gwei is $0.00000249239
Transfer 0.001 Steem to an account. Then send 0.0001 steem. Show what happens and state why. (Screenshots with username tag).
- First you need to login to your steemit wallet
- Click on transfer
- A window will pop up
- Enter the username of that person whom you want to send
- I enter the amount 0.001 but it shows use only 3 digits of precision
You can see the above image it says you can only transfer 3 decimals place on the blockchain. If you guys notice the steempower and steem are in 3 decimal places.
- Then I select amount 0.001 and it transferred.
We don’t know who’s satoshi Nakamoto but he did amazing in the world of crypto currency and if we talk about satoshi we need to mention here Dai also because he also did a lot for cryptocurrencies.
Moreover, We can't send 0.0001 Steem to other users, it will always show a message that "use only 3 digits of precision" when we send 0.0001 steem. The minimum value we can send to other user is 0.001 Steem