It is amazing when you discover that Satoshi Nakamoto is not a real name of a person that belongs to one person. In that case, this has e many people to continue digging with the aim of finding out who is Satoshi Nakamoto. Here we are also asking about who Satoshi Nakamoto is. Now, Satoshi Nakamoto is not a single person’s name but sources have it that it is basically a pseudonym used to refer to a group of people who came up with Bitcoin and everything related to cryptocurrency. In that case, these individuals developed the first ever protocol associated blockchain technology. However, the name Satoshi is just a name but does not reflect on a single individual at all.
Did Satosi Nakamoto make Satoshi Dice and start the Bitcoin Dice revolution?
What did Satoshi Nakamoto do?
Satoshi Nakamoto despite the fact that it is a pseudonym is a name that refers to people who created Bitcoin and also wrote the whole of Bitcoin whitepaper. At some point in time, it was noticed that through the P2P foundation account, Satoshi Nakamoto claimed to be a Japanese native but questions arose when it was discovered that there was a perfect use of English and there was not instance where a hint of translation was noted. The use of perfect English showed that the founders could have been from Britain.
Far from that, the basic thing that we need to know about Satoshi Nakamoto is the fact that they/he as the founder of Bitcoin, bitcoin technology, blockchain and anything else related to it. With that idea in mind, there are a number of Bitcoin legends who have a close name association with the pseudonym. Some of these guys are Nick Szabo, Dorian Nakamoto, Hal Finney and Craig Steven Wright. At some point, these individuals have shown interest in Bitcoin technology and even blockchain handling.
Why is the Identity Hidden?
It is not known why Satoshi Nakamoto identity is still hidden but basically speculations have it that bitcoin has a high profile nature and people who were the founders found it necessary to hide their identities. The second speculation is that the founders or bitcoin technology and the developers of all the protocols associated with hid their identity because they did not want to be held responsible for developing a currency that could be transacted without the help of the banks and other financial institutions. The basic thing to know is that Satoshi Nakamoto are the original creators of blockchain technology which is the basis of bitcoin.
Dogecoin is something new to many but not new to those who have ever used it or seen other use it. It is not as old as other platforms per say because it was founded and launched in the year 2013. The founders of this platform are known as Billy Markus and Jackson Palmer. Just like someone gets inspired to write a book, the Dogecoin founders were inspired by the Shiba Inu internet meme which is a common game found on the internet. It started as a simple parody currency platform but the number of followers increased with time and the value of this platform continued to rise sharply.
What is so unique about Dogeocoin?
There are a number of unique features that you can realize as soon as you experience Dogecoin. This first thing that will attract you is that it appreciated the need to a decentralized currency hence it is basically a peer to peer platform where digital currencies are transacted from one person to another and In fact this platform normally allows you to send money online to friend or another agent who owns a dogecoin account.
The second unique thing is that is a form of digital currency that operates through crypto currencies and will allow you to connect your wallet with it. You wallet in this case can be on your personal computer or even your smart phone. With such a connection you can basically transact any amount of currencies from one device to the other and from one person to another. It is a platform in which these crypto currencies are used in paying for goods and services as well. When you are able to pay for services through such a platform then it automatically means that the platform is secure and worth investing in.
On the other hand with doge, it is very easy to set up an account with them and in other words, all you will need to do just download crypto wallet the set up an account which will allow you to trade with any of the crypto currency that you may like. Then the next thing uploading some money from your wallet and then you will be ready to start trading. It is fun and easy to trade with this platform because it a very secure platform where your investments and all your transactions are secure. There is no point in time when your trading will be interrupted just because of security issues.
Monero is another open source cryptocurrency platform which can run on windows, mac and OS. It was launched in the year 2014 and it has stood out among the other platforms because of a number of reasons which will herein be explained. It is a privacy oriented platform in that sense and this means that it is one of the platforms where security of your currencies takes the first priority. It has been built in such a way that it operates on the blockchain concept. Blockchain is basically a technology which supports the digital technology where currencies are transacted and ledgers or participants kept in a remote location known as the transaction network.
Benefits associated with using Monero
It has a blockchain that has been configured to be an opaque platform. With such an opaque platform, the senders enjoy a wide variety of privacy and confidentiality. What do I mean by the term opaque? It means that the senders and the recipients are assured that their personal and account identities are secure and safe. On the other hand, with the ability to be opaque, all the transactions are anonymous and can be disguised in such a way that the addresses of the participants are secure and safe.
With monero, the mining of process is high tech as it employs the egalitarian concept. With this concept all people are entitled of equal services and opportunities. However, the developers did not own all the stakes hence the banks and other community supports are fully involved in the management of the platform. This has led to a quick growth of this virtual platform as well as that of different virtual currencies.
Unlike other platforms monero allows miners to mine as an individual and as a pool of miners. This is a good feature because some people can mine well as individuals while some can do a good mining work as individuals. This mining can be done on ordinary computers and does not need any specific hardware such as the ASICs application. This will save you the need to purchase new hardware and application crucial for blockchain mining.
Privacy is also a guaranteed platform in terms security. This is because it has a combination of sender’s keys and these keys can be combined with public keys crucial in the blockchain processes. With that, it is possible to hide the identity of the members. The security also has complex signature which enhance more and more security.
Roger Ver is one of the earliest discoverers and investors in bitcoin. Being of the lovers and proponents of crypto currency he has accrued the name “Bitcoin Jesus” simply because he was so much interested in bitcoin business to a point where he went to prison after an allegation that he was trading bitcoins with explosives on eBay and this landed him a tem month jail terms. Although he claims that he discovered bitcoins in 2011, he was one of the first people to adopt digital currencies and that is the reason behind why he decided to allow people to transact using bitcoins in his site known as the MemoryDealers.com. His willingness to take risks were seen when he for the first time allowed people to pay for services using bitcoins.
Why was he called Bitcoin Jesus?
By the year 2018, Ver is reported to have accumulated more than 400,000 bitcoins meaning that he was accepting payments through bitcoins. However, he was not used to holding the bitcoins for himself and he could convert them so that he cold fund the project that he had started. The project he had started was basically aimed at making sure that bitcoin currencies became the most popular all over the world. It is also true that he has invested in various blockchain projects such as Kraken and Ripple.
He value bitcoins so much that people called him bitcoin Jesus simply because he even started an online business known as the bitcoinstore.com. With this online store, he offered almost all the items that people would ask for online. The most amazing thing is that you would be allowed to transact using bitcoins only and then drew more and more followers hence accumulating bitcoins plus the profits values associated with them. He continued to advocate for the need to adopt bitcoins in each and every transaction and this means that he preached tirelessly about how good transacting with bitcoins was.
He future of Bitcoin future according to Ver
It was in the year 2017 when Ver lamented and expressed sadness about the future of bitcoins. However, in the earlier years had pushed so much just to see that bitcoins becomes a mainstream business element. Although some saw him as retrogressive, he proposed for the need to increase the size of block size limit with believe that it would allow people to pay for goods and services. He also believed that the adoption of bitoins would reduce fees associated with paying using other currencies.
You might have heard about ethereum somewhere but you are not sure about what it is. It is now a good thing that you don’t know about it but I will explain it in detail. It is basically an open source computing platform and it a block chain-based operating system which enables the public to transact through crypto currency. It has more than 1300 cryptocurrecies that you can trade with. On the other hand ethereum is one of the platforms that has risen to be one of the best place where you can transact and trade you currencies. Trading in this case, means sending, receiving and paying for goods and services using various currencies.
In ethereum, the transaction of ether is done through a series of blockchains. The blockchain allows you to buy and sell it hence the confirmation for transaction can be accrued or achieved after every transaction. The best thing you need to know about this platform is that is totally decentralized and has no banks in between that normally chip in as intermediaries. With no banks to provide confirmation of receipts and all the transactions, it runs by a powerful cooptation tool known as the algorithm. A complete process from ethereum is basically known as the ether.
On the other hand, you need to be aware of the idea that bitcoins are not considered as rewards for ethereum but the rewards here are basically ethers. In that case ethers are used when transacting everything in the ethereum platform. The transaction are done online and allows one to save money in helps in ensuring that your money values grow with time. For instance, with ethereum, the value of a single ether went up from $10 to about $1100 in the year 2017. If during this period one had a number of them, then it would have meant that you could have earned more than 1000 times your value.
Unlike other platforms like bitcoin, etherem have a different goal and the main goal is basically to use ether tokens hence run applications and smart contracts which will accrue profits. If you have been wondering what ethereum is all about, then here is what you have been looking for. Ethereum is the best cryptocurrency platform where you can trade with other individuals online, buy for goods and services and even save your ethers with the aim of accruing profits from the rising value in future.