Satoshi

Definitions

1. A hundred-millionth (10⁻⁸) of a bitcoin; the same as 10 nanocoins (nBTC) or 10⁻⁸ BTC.
2. A male given name from Japanese.

Equivalents

Examples

“Bitcoin is the oldest and best known of all crypto coins. Its creator — the ever-anonymous Satoshi Nakamoto — set⟳ things up so that there can never be more than 21 million bitcoins in existence. Unlike other assets that are valued based on tangible components — for example, a company’s goods and services or a natural resource — bitcoin is considered a store of value, the price of which depends strictly on what others are willing to pay⟳ for it.”

CEFR level