What is the definition of Satoshi in the context of cryptocurrency?

3 answers

• thebrand paletteApr 30, 2024 · a year ago
  Satoshi is the smallest unit of Bitcoin, the most popular cryptocurrency. It is named after Satoshi Nakamoto, the pseudonymous creator of Bitcoin. One Bitcoin is divisible into 100 million Satoshis. So, if you have 1 Bitcoin, you have 100 million Satoshis. This unit is used to facilitate microtransactions and make it easier to express the value of Bitcoin in smaller amounts. It's like the cents to a dollar.
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• Sargent EllisonOct 22, 2023 · 2 years ago
  Satoshi is the smallest unit of Bitcoin. It's like the penny of the cryptocurrency world. Just as a dollar is made up of 100 cents, a Bitcoin is made up of 100 million Satoshis. This allows for precise and granular transactions, especially when dealing with small amounts of Bitcoin. Satoshi is named after the mysterious creator of Bitcoin, Satoshi Nakamoto, who remains anonymous to this day.
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• Rufino SalgadoMar 23, 2024 · 2 years ago
  In the context of cryptocurrency, Satoshi refers to the smallest unit of Bitcoin. It is named after Satoshi Nakamoto, the pseudonymous creator of Bitcoin. One Bitcoin is equivalent to 100 million Satoshis. This unit is used to measure and transact smaller amounts of Bitcoin. It's like the cents or pence of the cryptocurrency world. For example, if you want to buy something worth 0.001 Bitcoin, you would be transacting with 100,000 Satoshis.
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