Community Forex Questions
Who created the satoshis?
The SAT originated on November 15, 2010, when BitcoinTalk user Ribuck proposed that 1/100 of a bitcoin, or 0.01 BTC, be called a satoshi. At the time, the smallest unit that could be displayed on the interface was 0.01 BTC. Ribuck's proposal was quite unique, but no BitcoinTalk forum user confirmed or denied it.
It should be noted that Ribuck's comment appeared out of place at first, as it was posted in the thread of a poll voting on the best Unicode character for bitcoin. The chat was unrelated to units of account, which may have caused it to be dismissed.
It should be noted that Ribuck's comment appeared out of place at first, as it was posted in the thread of a poll voting on the best Unicode character for bitcoin. The chat was unrelated to units of account, which may have caused it to be dismissed.
Satoshis, the smallest unit of Bitcoin, was created by Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Each Bitcoin is divisible into 100 million satoshis, enabling microtransactions and enhancing Bitcoin’s utility as a digital currency.
Satoshi Nakamoto introduced Bitcoin in 2008 through a whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System. This groundbreaking document outlined the concept of a decentralized digital currency, secured by cryptographic principles and operating on blockchain technology.
The identity of Satoshi Nakamoto remains unknown, sparking intrigue and speculation. Whether an individual or a group, Satoshi’s invention revolutionized the financial world, laying the foundation for cryptocurrencies. Satoshis play a vital role in facilitating precision in transactions, especially as Bitcoin’s value increases over time.
Satoshi Nakamoto introduced Bitcoin in 2008 through a whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System. This groundbreaking document outlined the concept of a decentralized digital currency, secured by cryptographic principles and operating on blockchain technology.
The identity of Satoshi Nakamoto remains unknown, sparking intrigue and speculation. Whether an individual or a group, Satoshi’s invention revolutionized the financial world, laying the foundation for cryptocurrencies. Satoshis play a vital role in facilitating precision in transactions, especially as Bitcoin’s value increases over time.
Oct 31, 2022 18:38