14 views
in Cryptocurrency by (0 points)
What is the significance of the term "satoshi" in the Bitcoin ecosystem?

Please log in or register to answer this question.

1 Answer

0 votes
by (0 points)
"Satoshi" is the smallest unit of Bitcoin, named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto. One bitcoin is divisible into 100 million satoshis. The term "satoshi" is significant in the Bitcoin ecosystem because it allows for transactions involving fractions of a bitcoin, enabling greater flexibility and usability of the cryptocurrency.
...