How does the Japanese term 'satoshi' relate to the concept of cryptocurrency?

3 answers

• Mar 15, 2022 · 3 years ago
  Satoshi is a term used in the world of cryptocurrency to refer to the smallest unit of Bitcoin. It is named after Satoshi Nakamoto, the pseudonymous creator of Bitcoin. One Bitcoin is divisible into 100 million satoshis, which allows for micro-transactions and makes Bitcoin highly divisible. So, the term 'satoshi' is directly related to the concept of cryptocurrency as it represents the fundamental unit of Bitcoin.
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• Mar 15, 2022 · 3 years ago
  The Japanese term 'satoshi' is a tribute to the creator of Bitcoin, Satoshi Nakamoto, who is believed to be of Japanese origin. It is a way to honor his contribution to the world of cryptocurrency. By naming the smallest unit of Bitcoin after him, it serves as a reminder of the decentralized and innovative nature of cryptocurrencies.
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• Mar 15, 2022 · 3 years ago
  The term 'satoshi' is widely used in the cryptocurrency community and has become a standard unit of measurement. It is not limited to Japanese users or exchanges. Many cryptocurrency exchanges and wallets use 'satoshi' as a unit to display and transact with Bitcoin. For example, BYDFi, a popular cryptocurrency exchange, also uses 'satoshi' as a unit for trading and displaying Bitcoin balances.
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