Who is Satoshi Nakamoto?
Well this name needs no introduction but for the sake of completion of this task i will introduce him/her/them as the father of cryptocurrency.The founder of the first digital & cryptocurrency named BITCOIN. Satoshi Nakamoto is a person(s) behind the creation of the bitcoin or should i say its because of him/them/her today so many cryptocurrencies exist.
Well the idea of bitcoin dates back to 2008. It was 18-AUG-2008 when Satoshi Nakamota created a website named bitcoin.org. The creators data was hidden from the beginning so that people will have no access over the data of creator.On the date of 31-OCT-2008 the bitcoin white paper was made public.Well the real identity of the real Satoshi Nakamoto is still a mystery & research is still going on to uncover the mystery behind the name. Well one can’t even say if Satoshi Nakamoto is still alive or not. After he made the bitcoin in 2009 he worked 2 years on it & them disappeared in thin air.Till then no official news about Satoshi Nakamoto came.Since he disappeared after 2011. The reason of disappearance remains unknown while some of the articles say that it was a hint that bitcoin was mature enough to carry its operations without Satoshi Nakamoto.
Satoshi Nakamoto was also listed as the “PERSON OF THE YEAR” in 2013 by business insider. Artists are planning to erect a statue of Satoshi Nakamoto in the Budapest to honour the creation. Well the statue will have no face as of now we are unaware of the person is.
source
Bitcoin was made as a replacement for conventional banking systems, which works on a p2p(peer to peer) network system with no central organisation,completely decentralised.His ideology was simple,he wanted to make a currency which is not governed by a central entity,rather every individual should have equal right over the currency.That ideology of him laid the foundation of bitcoin.
Write on two claims/theories of Satoshi Nakamoto’s identity.
While its still a mystery who is the real Satoshi Nakamoto,various theories & claims have been made by different people at different times.The claims were made based on certain facts like name,profession,relation with bitcoin & many more. But with time it was seen that all the claims were false. So the identity of Satoshi Nakamoto is still a mystery with great twists.Lets study few theories/claims regarding the identity of Satoshi Nakamoto.
DORIAN SATOSHI NAKAMOTO
Dorian Satoshi Nakamotosource
Well this is the man that pops up when you search for Satoshi Nakamoto on the web.Well the reason that this the actual name if this man is DORIAN SATOSHI NAKAMOTO. There were two reasons behind this claim,the first one was the name & the second one was his training as an engineer.He is a 70 year old, worked as a physicist,he is a Japanese-American person he also worked for US-military. When the news spread that he could be the real Satoshi Nakamoto,he got attention.He was being interviewed by an American journalist when he said “I am no longer involved in this project & I can’t talk about this”.This made the people believe that he is the real Satoshi Nakamoto.Looking at his name which is Satoshi Nakamoto & his training as an engineer & the fact that he said i am no longer involved gave a clear vision that he is the founder.But he then clarified the sentence as “i got nothing to do with it”.So this claim was falsified but his photo remained his real name is Dorain Satoshi Nakamoto.This was the most popular claim.
CRAIG WRIGHT
Craig wrightsource
While most of the people who were claimed to be Satoshi Nakamoto either remained silent or denied,this case is different of them all. In this case craig claimed to be the real Satoshi Nakamoto. In the 2015 while having an interview for wired magazine he stated that he has every piece of evidence to prove that he is the real Satoshi Nakamoto.Born in October 1970,worked as an computer engineer.His full name was Craig Steven Wright.He claimed to be the one of the creators of the bitcoin.He is Australian in origin.But he was never named as creator of bitcoin because he never passed such an evidence which can confirm him being the Satoshi Nakamoto.His claim was also supported by John mcafee.John claimed to have solved the bitcoin inventor mystery & claimed that he was on phone talk with the inventor.He also said that it was a group of 11 people which includes Craig Wright.He said i will not give any names as it will risk their lives.But the one name that he passed included Craig Wright.
Who is Wei Dai?
Wei Dei source
Wei Dai is a Chinese citizen. He works as a computer engineer. He graduated from the University Of Washington with a degree in computer science.
He is known for the creation of a lot of things but he is very well known for the creation of the b-money & development of the Crypto++ cryptographic library.
He is also a co-founded the VMAC message algorithm. His core concepts from b-money were used for bitcoin implementation. As per the reports Wei Dei was one among the two people who were contacted by Satoshi Nakamoto while he was developing the bitcoin. The b-money paper was also referenced in the bitcoin white paper. If one goes through the b-money paper one will be amazed to know that all the concepts are related to bitcoin(somehow).Looking at the white paper this should have been the first cryptocurrency,but nobody knows why thats not the case.So he was also claimed to be the real Satoshi Nakamoto. Which he clearly denied saying “...my understanding is that the creator of Bitcoin, who goes by the name Satoshi Nakamoto, didn't even read my article before reinventing the idea himself. He learned about it afterward and credited me in his paper. So my connection with the project is quite limited”source.He always denied that ge is Satoshi Nakamoto.
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).
Bitcoin current price
At the time of writing this task the price of BITCOIN is exactly $40789.48.Which means one satoshi will be equal to
1 satoshi is equal to 1/100000000 bitcoin.
As we know 1BTC= 40789.48
So,
1satoshi = 1/1000000001 bitcoin
1 satoshi= 1/100000000 40789.48
1satoshi= 0.00040789 which can be rounded off as 0.000407
So now we know that 1satoshi is $0.000407(as of the current value)
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).
Ethereum current price
At the time of writing this task the price of one ether is $2772.35.Which means one Gwei will be equal to
1Gwei is equal to 1/1000000000 ethereum
As we know 1ETHER =$2772.35
So,
1Gwei= 1/10000000001 ethereum
1Gwei= 1/10000000002772.35
1Gwei= 0.00000277235 which can rounded off as 0.00000277
So, now we know the value of one Gwei is $0.00000277(as per the current value)
Transfer 0.001 Steem to an account. Then send 0.0001 steem. Show what happens and state why.
To perform this task one has to head towards steemit wallet.
Once inside the wallet lookout for steem in the steem wallet.
Steem section
- Once you locate the steem section.Click on the drop down menu & a list will appear that includes transfer,transfer to savings,power up,trade & market.
Dropdown menu
- Click on the transfer section,enter the details of the account(account username) & the amount.Click next
Transferring page
- A confirmation page will appear,showing all the details.Click ok & the amount will be transferred.
Transaction confirmation page
- Payment registered in blockchain & appears in the wallet history section.
Payment proof
Transferring 0.0001 steem
While performing the task,we have to perform same steps done in the upper part of the question. While writing the amount.Write the amount 0.0001. After writing the amount 0.0001 the next button greys out & a warning message appears which reads like “USE ONLY 3 DIGITS OF PRECISION”.Ehich clearly means we can use 3 digits after the point is applied(we can not send any amount less than 0.001).Here we can clearly see that 0.001 steem is lowest amount that can transferred in the steem blockchain.
Transferring 0.0001 steem
CONCLUSION
I will like to thank @awesononso for this amazing lecture.I was able to understand the whole lecture very well.Its because of this lecture now i know who wei dei is.Who claimed to be Satoshi Nakamoto & who denied.I want to tell here that i used few websites for the dates and other stuff i used some of the data from them
reference 1
reference 2