What is the meaning of Satoshi in the context of cryptocurrencies?

3 answers

• Henning NordholzSep 02, 2021 · 4 years ago
  Satoshi is a unit of measurement in the world of cryptocurrencies, specifically in relation to Bitcoin. It represents the smallest divisible unit of Bitcoin, similar to how cents represent the smallest divisible unit of a dollar. One Bitcoin is equivalent to 100 million Satoshis. This unit was named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, as a way to honor their contribution to the development of the cryptocurrency.
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• Rasch GeorgeMar 17, 2021 · 4 years ago
  Satoshi is like the penny of Bitcoin. It's the smallest denomination that Bitcoin can be divided into. Just like you can have 100 pennies in a dollar, you can have 100 million Satoshis in a Bitcoin. It's a way to make Bitcoin more manageable and usable in everyday transactions. So, when you hear someone talking about Satoshis, they're referring to the smaller units of Bitcoin.
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• Thorhauge HarveyDec 11, 2021 · 4 years ago
  In the context of cryptocurrencies, Satoshi refers to the smallest unit of Bitcoin. It was named after Satoshi Nakamoto, the mysterious creator of Bitcoin. One Bitcoin is made up of 100 million Satoshis. This unit allows for microtransactions and makes it easier to calculate the value of smaller amounts of Bitcoin. For example, if you want to buy something worth 0.001 Bitcoin, you would be paying 100,000 Satoshis. It's a way to break down the value of Bitcoin into more manageable and practical units.
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