Satoshi

A "satoshi," often shortened to "sat," is the smallest unit of bitcoin that can be used in a transaction. It equates to 0.00000001 bitcoin.[1][2] It is named after Satoshi Nakamoto, the pseudonymous creator of bitcoin.[3]

When a person frequently buys small amounts of bitcoin, they are said to be "stacking the sats."[4]

References

  1. Bitcoin Satoshi => USD. BTCSatoshi.com.
  2. What is a 'Satoshi'?. Bitcoin Stack Exchange.
  3. Cracking the Bitcoin: Digging Into a $131M USD Virtual Currency. Daily Tech.
  4. STACKING SATS: HOW SMALL WEEKLY INVESTMENTS CAN OFFER DECENT RETURNS. Bitcoin Magazine.
Last modified on 4 May 2021, at 01:23