Satoshi

Satoshi is a term derived from the name of Satoshi Nakamoto, the pseudonymous person or group of people who developed Bitcoin, a decentralized digital currency. In the context of Bitcoin, a Satoshi is the smallest unit of this cryptocurrency.

Definition

A Satoshi is the smallest fraction of a Bitcoin that can currently be sent. One Satoshi equals 0.00000001 Bitcoin, which is one hundred millionth of a Bitcoin. The unit has been named in collective homage to the original creator of Bitcoin, Satoshi Nakamoto.

Usage

Satoshi units are used in many Bitcoin-related applications and services. For instance, the Lightning Network, a "layer 2" payment protocol that operates on top of the Bitcoin blockchain, utilizes Satoshi units for its microtransactions.

Satoshi Nakamoto

Satoshi Nakamoto is the name used by the unknown person or people who developed Bitcoin, authored the Bitcoin white paper, and created and deployed Bitcoin's original reference implementation. As part of the implementation, Nakamoto also devised the first blockchain database.

See also

• Bitcoin
• Cryptocurrency
• Blockchain
• Satoshi Nakamoto

References

Satoshi Resources
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