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Satoshi (unit) – Bitcoin Wiki

The terminus “ satoshi ” in practice on a message display panelsatoshi 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 measurement 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 of measurement has been named in collective court to the original creator of Bitcoin, Satoshi Nakamoto All amounts in the barricade chain are denominated in satoshi before being converted for display. [ 3 ] The source code besides uses satoshi when specifying an come of bitcoin. [ 4 ] When displaying an highly fine fraction of a bitcoin, such as when calculating fee per byte or a faucet advantage, the sum is displayed in satoshi for readability. [ 5 ] [ 6 ] Although the satoshi is the finest amount that can be recorded in the block chain, [ 3 ] payment channels may need to make very chondritic payments and then are sometimes denominated in millisatoshi, which are one hundred billionths of a single bitcoin. [ 7 ]

In January 2018, 1 Euro cent is worth approximately 83 satoshi .

history

The value 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 one-hundredth of a bitcoin ( 0.01 BTC ) be called a Satoshi. [ 8 ] Four months by and by he rather suggested that the one hundred millionth unit be called an austrian or a satoshi. [ 9 ] The name satoshi catch on, and was widely adopted thereafter. [ 2 ] In December 2017, BIP-176 [ 10 ] besides proposed “ Bits ” be used as a standard terminus for 100 ( one hundred ) satoshis or 1/1,000,000 ( one one-millionth ) of a bitcoin.

usage

plural

traditionally, the plural class has been merely satoshi, [ 11 ] but the term satoshis is besides democratic and evenly adjust. If the plural form were to follow the rules of japanese grammar, it may be pronounced as satoshisa, [ 12 ] or merely satoshi. [ 12 ]

symbol

Satoshi is much abbreviated to sat or s, although no currentness symbol has been wide adopted. There are respective nominate symbols :

Symbol Explanation
Satoshi-symbol-small.png Reminiscent of the Japanese aesthetic, the closest character being 丰 meaning: “Bountiful – abundant, lush, bountiful, plenty, luxurious growth of grass” which suggests vasts 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.
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”.

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.
As above, but circled to distinguish it from the katakana.
As above, but this is the hiragana instead of the katakana. This is even more common than シ in Japanese writing, however.
A Japanese katakana representing 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.

References

beginning : https://leowiki.com
Category : Economy

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