Satoshi (BTC) is the smallest unit of Bitcoin, the pioneering cryptocurrency that revolutionized the financial space in 2009. The term "Satoshi" refers to the smallest fraction of Bitcoin, equivalent to 0.00000001 BTC.
The unit is named after Satoshi Nakamoto, the creator or creators of Bitcoin, whose pseudonym remains a mystery.
Main features:
Smallest unit of measurement:
AndSatoshiIt is the smallest part of a Bitcoin, allowing for microtransactions and facilitating the precise division of Bitcoin on the network.Facilitation of microtransactions:
Since the value of a Bitcoin can be very high, Satoshis allow for lower-value transactions, making the use of Bitcoin accessible to a wider range of users and applications.Relation to Bitcoin:
1 BTC equals 100,000,000 Satoshis, making this unit key in the daily practice of Bitcoin.
Uses of Satoshis:
Low-value transactions:
Satoshis allow Bitcoin to be used in transactions with a value much lower than 1 BTC, making small payments and microtransactions easier.Incentives and rewards:
Satoshis are a commonly used unit to reward participants in the Bitcoin network, whether for mining or participating in other activities within the ecosystem.Savings and investment:
Satoshis offer the possibility to save small fractions of Bitcoin, making it easier to accumulate over time for those who cannot afford to buy a whole Bitcoin.
Technical document:
The concept of Satoshi is directly derived from the work of Satoshi Nakamoto, the creator of Bitcoin, who described how the cryptocurrency works in his famous whitepaper titled:
- Bitcoin: A Peer-to-Peer Electronic Cash System, published in 2008
Annual evolution of Bitcoin (BTC) price:
This is a list with the approximate price of Bitcoin at the end of each year since its launch, updated until December 25, 2024:
2010: 39 Satoshis (0.00000039 BTC)
2011: 472 Satoshis (0.00000472 BTC)
2012: 1,351 Satoshis (0.00001351 BTC)
2013: 75,196 Satoshis (0.00075196 BTC)
2014: 32,000 Satoshis (0.00032 BTC)
2015: 43,057 Satoshis (0.00043057 BTC)
2016: 96,374 Satoshis (0.00096374 BTC)
2017: 1,385,040 Satoshis (0.01385040 BTC)
2018: 374,270 Satoshis (0.00374270 BTC)
2019: 716,810 Satoshis (0.00716810 BTC)
2020: 2,894,972 Satoshis (0.02894972 BTC)
2021: 4,630,645 Satoshis (0.04630645 BTC)
2022: 1,654,750 Satoshis (0.01654750 BTC)
2023: 4,225,800 Satoshis (0.04225800 BTC)
2024: 8,930,798 Satoshis (0.08930798 BTC) (as of December 25)
* The Satoshi is an essential unit for the practical use of Bitcoin, allowing for small transactions and facilitating access to the cryptocurrency.
Although the creator of Bitcoin, Satoshi Nakamoto, remains a mystery, his legacy and the invention of Bitcoin remain fundamental to the evolution of decentralized finance *
$SATS
