Jump to: , Most commonly, units of bitcoin are expressed in decimal exponents such as BTC ("bitcoins"), mBTC ("millibitcoins") and μBTC ("bits").Contents 1 2 3 4 The BTC unit was chosen to represent a value of 108 so as to give sub-unit precision rather than large whole numbers.Mirroring the standard Le Système International d'Unités, this allows for divisions of 1/10th (deci-bitcoins, dBTC), 1/100th (centi-bitcoins, cBTC), 1/1 000th (milli-bitcoins, mBTC), and 1/1 000 000 (micro-bitcoins, μBTC).Many have adopted the practice of referring to the micro-bitcoin metric sub-unit as "bits".This table is intended to include all well-defined units of bitcoin value, including less common and niche units.Bitcoin Sign up or log in to customize your list._ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote down vote favorite 15 I am aware that Satoshi Nakamoto is the author of the paper that originated Bitcoin and the creator of the original bitcoin client.

However, I often hear the term Satoshi as if it was a monetary unit.What is a Satoshi?terminology satoshi-nakamoto satoshi divisibility up vote down vote A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC.In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.Further examples of units 1 BTC = 1,000 mBTC (millibitcoin) 1 BTC = 1,000,000 μBTC (microbitcoin) 1 BTC = 100,000,000 Satoshis 1 mBTC = 100,000 Satoshis 1 μBTC (microbitcoin) = 100 Satoshis up vote 8 down vote 1 mBTC = 0.001 BTC 1 mBTC = 100,000 Satoshis 1 uBTC = 0.000001 BTC 1 μBTC = 100 Satoshis 1 Satoshi = 0.00000001 BTC 100 Satoshis = 0.000001 BTC 1,000 Satoshis = 0.00001 BTC 10,000 Satoshis = 0.0001 BTC 1 BTC = 100,000,000 Satoshis 1 BTC = 100,000 μBTC 1 BTC = 1000 mBTC up vote 6 down vote A Satoshi is 0.00000001 BTC and currently the smallest transaction unit.

If a Satoshi was equivalent to one penny, a microBTC would be equivalent to one dollar, and one BTC would be equivalent to 1,000,000 dollars.With one BTC on the order of $1,000 USD, a Satoshi is equivalent to .001 penny up vote 4 down vote A Satoshi is a one hundred millionth of a Bitcion.Bitcoins are delimited to eight decimal places so even if (when?)Bitcoins are worth $1,000,000 each, you can still do penny transactions.i7 bitcoin minerprotected by Community Thank you for your interest in this question.litecoin mining rigBecause it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site (the association bonus does not count).bitcoin com boletoWould you like to answer one of these unanswered questions instead?ethereum best gpu 2017

Not the answer you're looking for?Browse other questions tagged terminology satoshi-nakamoto satoshi divisibility or ask your own question.Jump to: , The term "satoshi" in use on a message boardThe 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, .All amounts in the block chain are denominated in satoshi before being converted for display.[3]ethereum usd live priceThe source code also uses satoshi when specifying an amount of bitcoin.[4]ethereum currency wikiWhen displaying an extremely fine fraction of a bitcoin, as in a contemporary faucet, the amount is displayed in satoshi for readability.[5]As of August 2015, 1 US cent is worth approximately 4400 satoshi.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 hundredth of a bitcoin (0.01 BTC) be called a Satoshi.[6]Four months later he instead suggested that the one hundred millionth unit be called an austrian or a satoshi.[7]The name satoshi caught on, and was widely adopted thereafter.[2]Traditionally, the plural form has been simply satoshi,[8] but the term satoshis is also very prevalent.If the plural form were to follow the rules of Japanese grammar, it may be pronounced as satoshi,[9] or satoshisa.[9]Satoshi is sometimes abbreviated to sat or s, although no symbol has been widely adopted.The Japanese character シ ("shi") has been proposed as a potential currency symbol for the satoshi.[10]The Katakana symbol サ ("sa") has also been proposed, as it looks more reminiscent of a currency symbol.[11][12]The circled shi (㋛) has been suggested to disambiguate the symbol from the character,[13][14][15] as it is synonymous with death.[15][16]Additionally, the Hiragana shi (し) is a suggestion.[16][17]

Bitcoin is a digital currency.It’s created, used, stored – all digitally.The concept of Bitcoin was introduced in 2008 by a pseudonymous programmer – who called it a P2P Electronic Cash System.His/her pseudonym is Satoshi Nakamoto.In contrast to traditional currencies, the reserve of bitcoins is fixed.There will eventually be only 21 million bitcoins in circulation and not one more.Bitcoin has a metric system of denominations used as units of Bitcoin.The main goal of the bitcoin currency, abbreviated BTC, is to make it harmonious to worldwide currencies.Bitcoin tries to accomplish this function by being divisible down to the 8 decimal place.This is an adequate thing, given the actual high price of 1 Bitcoin theses days.The smallest denomination in a Bitcoin is called ‘Satoshi’, in homage to its creator.Below is a list of the named denominations and their value in BTC.The existing bitcoin code BTC, used by the large majority of the bitcoiners and most media channels, would not comply with ISO 4217, which requires the 1st letter of global commodities to be “X”.