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- 🚀 Gate Square “Gate Fun Token Challenge” is Live!
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📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
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What is a Satoshi? The smallest unit of Bitcoin explained
If you have just entered the world of Bitcoin, you have probably heard of “Satoshi”. Here is what you need to know.
The smallest unit of Bitcoin
Just as the dollar is divided into cents and the euro into cents, Bitcoin has its own minimum unit: the Satoshi. It is named in honor of Satoshi Nakamoto, the mysterious creator of Bitcoin.
How many Satoshis are there in 1 BTC?
1 BTC = 100,000,000 Satoshis (o 10^8 sat)
This is the smallest division you can register on the Bitcoin blockchain. Although technically there is the “millisatoshi” ( a millionth of a sat) in specialized payment channels, the Satoshi remains the standard unit.
Practical Conversion
The mystery of Satoshi Nakamoto
Until today, no one really knows who Satoshi Nakamoto is. What we do know: he is a billionaire. When Bitcoin reached ~$20,000 in 2017, Forbes estimated that Satoshi owned enough BTC to appear on the list of the 50 richest people in the world.
The irony? The creator of the most important digital currency remains completely anonymous.