SATOSHI

Etymology

Named after Satoshi Nakamoto, the pseudonymous designer of Bitcoin, from the Japanese さとし (Satoshi), which is a nominalization of the classical adjective 聡し (satoshi), meaning 'clever, smart, sharp'.

Definition

A Satoshi is the smallest unit of the Bitcoin cryptocurrency, representing one-hundred-millionths of one Bitcoin. It is often referred to as 'sats' for short, with 100 million Satoshis equaling one Bitcoin.

Historical Context

Satoshi was introduced by Bitcoin's creator, Satoshi Nakamoto, to facilitate microtransactions and enable divisibility of the cryptocurrency into smaller units.

Cultural Significance

Satoshi has become a common term in the cryptocurrency community, used to refer to small amounts of Bitcoin and as a measure of value within the digital currency ecosystem.

Related Concepts

Other related concepts include Bitcoin, cryptocurrency, digital currency, and microtransactions.

See Also

• Oxford English Dictionary - Satoshi
• The Motley Fool - What Is a Satoshi?
• Cyber Definitions - What Does SATOSHI Mean?
• Wiktionary - Satoshi
• Urban Dictionary - Satoshi