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 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.