Follow us on or join ours

Satoshi It has two meanings. The first is the smallest part of bitcoin. The second is the first part of the pseudonym, under which the creator or creator of bitcoin is hiding.

The article is part of the dictionary under free training - Cryptocurrencies - how to start and survive? A course for everyone!

Satoshi - the smallest part of bitcoin

Just as the dollar is divided into cents, bitcoin is divided into satoshi, i.e. the smallest unit of account. With the accuracy of bitcoin we give with accuracy to eight decimal places. Therefore, you should not be deterred by the high bitcoin price, because you can even buy 0,00000001 BTC, which is 1 sato, or satoshi.

The bitcoin division on satoshi is also useful for Cryptocurrency exchanges when buying altcoinów. Most altcoins are bought for bitcoins, so altcoin price expressed it is not in US dollars, but it is in satoshi and is, e.g., 100 satoshi, or 0,00000100 BTC

TipYou will quickly and easily convert the value of satoshi and zlotys in ours Cryptocurrency calculator

Satoshi Nakamoto

Satoshi in the second sense is the name or a nickname that the creator signed Bitcoin in his whitepaperze and on the classic one bitcointalk forum, active in 2009 and 2010 of the year, in the first phase of the existence of the project of this decentralized and independent, global, first cryptocurrency and first application of blockchain technology. Later, hearing after him went missing.

Until today, despite many years of efforts of various people, Satoshi Nakamoto's true identity could not be determined. Until today, he has not moved his Bitcoins, which until now lie on the original wallet. Snute are guesses that Satoshi Nakamoto is dead, he is in prison or there is a group of people behind him, not one man.

See more articles free training - Cryptocurrencies - how to start and survive? A course for everyone!

4.6 / 5 - (10 votes) is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information published on the cryptocurrency website are not financial recommendations and do not constitute investment recommendations within the meaning of the Regulation of the Minister of Finance of 19 October 2005 on information being recommendations regarding financial instruments, their issuers or issuers (Journal of Laws of 2005, No. 206, item 1715). The information published on the pages of the portal does not constitute an offer. is not responsible for any decisions taken under the influence of data presented on the Website. Portal does not bear any responsibility for the possible use of information on the website.

Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

© Copyright 2019

My Newsletter

Sign Up For Updates & Newsletters