What is Satoshi? If you are a newcomer to cryptocurrencies and how to invest in these currencies, the first things you should learn are basic concepts and terminologies of cryptocurrencies. I have written some articles about Bitcoin, Ethereum and Blockchain before. Today, I would like to introduce you to Satoshi. What is Satoshi and does it concerns to Bitcoin?
Table of Contents
What is Satoshi?
Satoshi is the minimum unit of Bitcoin (BTC) which can be written in Blockchain. In fact, one Satoshi is equal to 0,00000001 BTC (1*10^-8 BTC). Satoshi is created to divide Bitcoin into smaller pieces, which are convenient for transactions.
Why is it called Satoshi?
Satoshi is named after the one who invented Bitcoin, who names Satoshi Nakamoto. In November 2008, Satoshi Nakamoto regulated that one Bitcoin has 100 million smaller units.
In November 2015, Ribuck offered that 0.01 Bitcoin should be called one Satoshi.
Four months later, Satoshi Nakamoto offered that the smallest unit of Bitcoin, which is 1 / 100 million BTC, should be called Austrain or Satoshi. And at last, he decided to call it Satoshi.
Below is the currency conversion table from Satoshi to Bitcoin:
1 Satoshi = 0.00000001 Bitcoin
10 Satoshi = 0.00000010 Bitcoin
100 Satoshi = 0.00000100 Bitcoin
1000 Satoshi = 0.00001000 Bitcoin
10000 Satoshi = 0.00010000 Bitcoin
100000 Satoshi = 0.00100000 Bitcoin
1000000 Satoshi = 0.01000000 Bitcoin
10000000 Satoshi = 0.10000000 Bitcoin
100000000 Satoshi = 1.00000000 Bitcoin
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