Many of you who are trading Bitcoin and other crypto currencies have probably heard the name “Satoshi” thrown around. But what is the meaning of Satoshi?
Today, I’ll dive into it and hope to provide some clarity for those of you who care.
What is the Meaning of Satoshi?
First off, Satoshi Nakamoto stems from the original creation of the bitcoin client.
But…..you will probably hear the word satoshi thrown around like it was a coin or dollar bill, so today we’ll focus on just that aspect.
In this sense, it’s the tiniest fraction of a Bitcoin that can be processed and transferred or invested. That would be this number right here (don’t squint and count!)
This represents a hundredth of a millionth BTC. There could quite possibly be more updates to provide even smaller subdivisions of this number, and my guess is that will happen with the way these currencies are growing.
Examples of Satoshi
- 1 BTC = 1,000 mBTC (millibitcoin)
- 1 BTC = 1,000,000 μBTC (microbitcoin)
- 1 BTC = 100,000,000 Satoshis
- 1 mBTC = 100,000 Satoshis
- 1 μBTC (microbitcoin) = 100 Satoshis
If you enjoyed this article and are into the alt coin market, please read this article to see what my best and most favorite position is.
I also heard that Regal is quickly helping clients invest in alternative items such as Bitcoin so I’ll have a FULL write-up of how that’s coming very soon.