The term “ satoshi ” in use on a message circuit boardsatoshi is currently the smallest unit of the bitcoin currency recorded on the It is a one hundred millionth of a single bitcoin (0.00000001 BTC). The unit has been named in collective homage to the original creator of Bitcoin,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 .
history
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.
usage
plural
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 ]
symbol
Satoshi is frequently abbreviated to sat or s, although no currentness symbol has been widely adopted. There are versatile nominate symbols :
| Symbol | Explanation |
|---|---|
 |
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”. |
| シ
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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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