Theis presently the smallest unit of the bitcoin currency recorded on the block chain It is a one hundred one-millionth of a individual bitcoin ( 0.00000001 BTC ) .The unit has been named in collective court to the master godhead of Bitcoin, Satoshi Nakamoto All amounts in the blockchain are denominated in satoshi before being converted for display. [ 3 ] The source code besides uses satoshi when specifying an sum of bitcoin. [ 4 ] When displaying an extremely ticket fraction of a bitcoin, such as when calculating tip per byte or a faucet reward, the amount is displayed in satoshi for legibility. [ 5 ] [ 6 ] Although the satoshi is the finest sum that can be recorded in the blockchain, [ 3 ] payment channels may need to make very chondritic payments and therefore are sometimes denominated in millisatoshi, which are one hundred billionths of a individual bitcoin. [ 7 ]
Reading: Satoshi (unit) – Bitcoin Wiki
In January 2018, 1 Euro cent is worth approximately 83 satoshi .
The measure of a bitcoin in satoshi was decided by Satoshi Nakamoto to be 100 million no later than November 2008. [ 4 ] On November 15, 2010, ribuck proposed that the one hundredth of a bitcoin ( 0.01 BTC ) be called a Satoshi. [ 8 ] Four months late he alternatively suggested that the one hundred millionth unit be called an austrian or a satoshi. [ 9 ] The name satoshi get on, and was widely adopted thereafter. [ 2 ] In December 2017, BIP-176 [ 10 ] besides proposed “ Bits ” be used as a standard term for 100 ( one hundred ) satoshis or 1/1,000,000 ( one one-millionth ) of a bitcoin.
traditionally, the plural form has been just satoshi, [ 11 ] but the term satoshis is besides popular and evenly chastise. If the plural class were to follow the rules of japanese grammar, it may be pronounced as satoshisa, [ 12 ] or just satoshi. [ 12 ]
Satoshi is frequently abbreviated to sat or s, although no currentness symbol has been widely adopted. There are versatile nominate symbols :
|Reminiscent of the Japanese aesthetic, the closest character being 丰 meaning: “Bountiful – abundant, lush, bountiful, plenty, luxurious growth of grass” which suggests a vast amount of Satoshi are still left to mine. This symbol has been adopted by multiple Bitcoin services including satoshilabs.com (Trezor), SatoshiCap.net, pricedinbitcoin21.com, Thunderhub.io, bitcoinicons.com, thebitcoinmachines.com, and many more.|
|里||In Japanese names, this character can (rarely) be read “satoshi”. It is an uncommon Chinese/Japanese character on its own, and an infrequent radical (kangxi #166). It can be seen as a radical in the common kanji 理 and 量, used in meaningful words like 理想 (ideals), 理論 (theory), 理性 (reason), 理科 (science), and 量 (quantity). “Satoshi” is a rare reading; more commonly it is read as “ri” or “sato”.|
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|A Japanese katakana representing the syllable “shi”. Note that this character is extremely common in Japanese, so it could cause confusion. Also, it can mean “death” in Japanese and Chinese.|
|㋛||As above, but circled to distinguish it from the katakana.|
|し||As above, but this is the hiragana instead of the katakana. This is even more common than シ in Japanese writing, however.|
|サ||A Japanese katakana represents the syllable “sa”. Maybe it looks more reminiscent of a currency symbol than others. Note that this character is extremely common in Japanese, so it could cause confusion.|
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