What is a Satoshi?
You may already know that the “real” creator of Bitcoin would never reveal himself and therefore it uses a pseudo-name: Satoshi Nakamoto, while in fact a Satoshi is only ONE hundred millionth part of a single Bitcoin.
When Bitcoin was created, division was already a common idea so that various transactions of difference in price could take place on the blockchain.
Satoshi: The smallest fraction of a Bitcoin used when making small transactions A Satoshi is one hundred millionth of a single bitcoin (0.00000001 BTC)
We even refer to not just the smallest denomination of Bitcoin, but also use the term for the shady man that created (or creators) as a Satoshi within our little community.
Satoshi Nakamoto is the pseudonym of the computer software developer or developers behind bitcoin and the original 2008 white paper that first set out an implementation of a digital currency running on a decentralized payment system.
At the time Bitcoin was first being developed, Nakamoto participated in developing it as an open-source developer but then vanished from online communication entirely after 2010 —a move that subsequently became one of the tech industry’s most infamous mysteries.
Is Satoshi a Real Coin?
What this means: Satoshi is not a different currency, rather it is just a minuscule denomination of Bitcoin.
This is just another name for the smallest trackable unit of Bitcoin this can be found. Satoshi’s are Bitcoins equivalent to parts of a dollar.
This is also why Satoshi isn’t a coin or cryptocurrency on its own, but just another building block within Bitcoin.
That said, (only) some digital wallets and other platforms allow users to use Satoshi’s in a similar manner so long as their BTC holdings do not fall within an order of magnitude whereby another hash can be generated via only simulated reality for all users to conceivably work on another NOBODY TRANSACTIONS ON BITCOIN.
How Much Is 1 Satoshi Worth?
Satoshi himself is cornered, and ten-thousandth part from itself Bitcoin, sometimes cost a div months for 1 Satoshi on the market Bitcoin price every few h.
Bitcoin — Compared to bitcoin it would look like: Bitcoin priced / 100 million If you have 1 Bitcoin.
it’s valued at $30k then the Satoshi would be priced at$. ×0003 (30000 / 100millions). Bitcoin price is fluctuated, the price of 1 Satoshi changes every time.
Because there are 100,000,000 Satoshi in a bitcoin.
Who Is the Owner of Bitcoin?
The real owner of a Bitcoin For beginners, the title of the very first cryptocurrency is still held by Bitcoin.
which was developed in 2009 with a person or group of people under the pseudonym Satoshi Nakamoto but Nakamoto, who freely gave up control of his creation to the people in 2010, held a nearly million BTC by some estimates from solo-mining the “Genesis Block” of BTC back in 2009.
Now Bitcoin is a freelancer who no one commands. It is a decentralized open-source consensus-driven cryptocurrency powered by its users, with no central authority and much more.
Developers such as Peter are untrusted editors to the insecure protocol.
Who Is Peter Todd?
A little bit of Bitcoin Lead Core Developer, Peter Todd off the top of my head.
His history goes back years within the Bitcoin ecosystem as well as part of their technical development & security effort.
Todd is well-respected in the Bitcoin community for his knowledge in cryptography, decentralized networks and blockchain.
He has also contributed to the work on Bitcoin scalability, privacy, and security.
Peter Todd was one of those funders, and because he had keys over the coin then, but that doesn’t equate to evidence in any way shape or form says Peter Todd = Satoshi Nakamoto Yet in the years following, Todd’s early knowledge of Bitcoin also gave rise to some quiet speculation — did he perhaps do more than flip a couple leavers for its rollout.
Meanwhile, Nakamoto himself denies being Todd and slams all claims or demands for the founder of Bitcoin to come out.
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