What is Satoshi (SATS)?
Let's find out Satoshi (SATS) meaning, definition in crypto, what is Satoshi (SATS), and all other detailed facts.
Satoshi (SATS) is Bitcoin’s smallest available unit with a value of 0.00000001 BTC. It is named after the pseudonymous inventor of BTC Satoshi Nakamoto. Satoshi (SATS) is also referred to as satoshis (the plural form), SAT, or even just S.
It was proposed that a satoshi could be used to refer to one-hundredth of a BTC at first, but the crypto community eventually agreed that it should be used to refer to one hundred millionth of a BTC.
It's essential for BTC to be so divisible. Since 0.10 BTC can be valued at millions of dollars, limiting it to only two decimal places would make BTC unsuitable for regular use. When it comes to paying transaction fees and making micropayments, smaller fractions are a necessity.
The Bitcoin whitepaper carefully described high-tech <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptography/">cryptography principles that demonstrated how digital money might be able to avoid the necessity for central banks in the context of the financial crisis.<\/p>\n<p>In recent years, <strong>several individuals have been supposedly identified as<\/strong> <strong>Satoshi Nakamoto<\/strong>. Some have proceeded with considerable efforts to brush off the claims, indicating that they had no part in the establishment of the cryptocurrency. <\/p>\n<p>Others, however, were tied to the pseudonym via a scientific research of the whitepaper that took place, and different terms were connected with other published works. Unfortunately, these studies had no clear outcome.<\/p>\n<p>According to Nakamoto himself, <strong>the<\/strong> <strong>work of writing the code for Bitcoin first began in 2009<\/strong>. Nakamoto's connection with Bitcoin, however, came to an end in 2010. The final email he sent was to another developer, in which he stated that he had \"moved on to other things.\"<\/p>\n<p>Prior to leaving the project, he granted <strong>Gavin Andresen<\/strong> management of the source code repository, and the network alert key, as well as transferred many associated domains to other notable members of the Bitcoin community.<\/p>\n<p>Even if Satoshi Nakamoto is no longer in the picture, the creator's impact is still experienced through the Bitcoin whitepaper, which is accessible to anybody online. In honor of the founder, the smallest feasible unit of a single Bitcoin was named \"<a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-satoshi-sats/">satoshi./"/n Some people, including <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//who-is-craig-wright/">Craig Wright<\/strong><\/a>, claimed to be Satoshi Nakamoto. This Australian entrepreneur wound up attempting to claim rights on the Bitcoin whitepaper, which was poorly perceived by the cryptocurrency community.<\/p>\n<p>However, other suspects, like <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//who-is-hal-finney/">Hal Finney<\/strong><\/a>, who lived a few streets away from a man named Dorian Satoshi Nakamoto, as well as Dorian Satoshi Nakamoto himself, have vigorously rejected all charges. In addition, another suspect, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//who-is-nick-szabo/">Nick Szabo<\/strong><\/a>, has also denied being Nakamoto.<\/p>","definition":"the assumed pseudonymous individual or a group of individuals that invented Bitcoin.","status":"published","meta_title":"Who is Satoshi Nakamoto? Definition & Meaning | Crypto Wiki","meta_description":"Satoshi Nakamoto meaning: Satoshi Nakamoto - is the assumed pseudonymous individual or a group of individuals that invented Bitcoin.","meta_keywords":null}"
:prev-section="{"id":680,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/S%26P_500","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-04T10:46:17.000000Z","slug":"what-is-sandp-500-standard-and-poors-500","title":"What is S&P 500 (Standard and Poor's 500)?","section":"S","keyword":"S&P 500 (Standard and Poor's 500)","content":"<p>The <strong>S&P 500 (Standard and Poor’s 500)<\/strong> is one of the best internationally recognized stock market indexes. It is used to observe and measure the performance of the top 500 biggest firms in the US by market capitalization.<\/p>\n<p><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-market-capitalization-market-cap-mcap/">Market capitalization<\/strong><\/a>, or market cap, refers to <strong>the value of the combined stock shares of a corporation<\/strong>. The market cap of a company can be calculated by multiplying the stock price with the overall number of shares issued by the company. The S&P 500 keeps track of the stock market index by analyzing the risks and returns made by the featured companies.<\/p>\n<p>The value of a company is calculated when its market cap is divided by the overall market capitalization. The <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-large-cap/">large-cap stocks<\/strong><\/a> of the companies featured on the S&P 500 are valued at around $9.8 billion, making it a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-benchmark/">benchmark for the stock market index data. <\/p>\n<p>The S&P 500 index is float-adjusted, meaning that only the shares available to investors are used to calculate the market capitalization, and any shares owned by governments or other organizations are excluded.<\/p>\n<p>The value is directly affected by any <strong>fluctuation<\/strong> in the share prices. However, the companies at the bottom of the ladder do not hold the same weight on the overall value as the top-rated organizations. <\/p>\n<p>The S&P 500 is considered <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-volatility/">volatile due to the <strong>frequent fluctuations in prices<\/strong>. Therefore it may be difficult for those with less market experience to employ the index for market predictions. However, financial experts can use prior data trends to create prospective outlooks of the interest and return rates in the markets.<\/p>\n<p>Companies that aim to be featured in the S&P 500 index must meet certain criteria:<\/p>\n<ul>\n<li>The company must be registered for public trading in the US;<\/li>\n<li>The market cap must be valued at at least $9.8 billion;<\/li>\n<li>The public float must consist of at least 10% of all outstanding shares;<\/li>\n<li>The company must show good income performance in the most recent quarter;<\/li>\n<li>The company must prove it <strong>has achieved positive earnings in the past four quarters<\/strong>;<\/li>\n<li>The company must demonstrate the payability of any short-term debts.<\/li>\n<\/ul>\n<p>All companies listed in the S&P 500 must maintain operations on public markets. The companies are obligated to publicly share their quarterly and annual performance data.<\/p>\n<p>Furthermore, they must be tax-compliant, <strong>transparent<\/strong>, and provide the stockholders with complete financial clarity. The S&P 500 companies must file with the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-securities-and-exchange-commission-sec/">Securities and Exchange Commission (SEC)<\/strong><\/a> regularly.<\/p>\n<p>The S&P 500 index features some of the best-known global brands. At the time of writing, the largest companies featured on the index by weight are Apple, <strong>Microsoft<\/strong>, Amazon, Alphabet (Google), and Tesla. However, the index is not limited to the Big Tech companies and also features other industries, such as healthcare, entertainment, and oil & gas.<\/p>\n<p>Traders should purchase <strong>exchange-traded funds<\/strong> if they wish to invest in the S&P 500 index. Some of the most popular index funds used to track the S&P 500 performance are the Fidelity 500 Index Fund (FXAIX) and Vanguard 500 Index Investor Shares (VFINX).<\/p>","definition":"a stock market index representing the performance of the top 500 companies in the US.","status":"published","meta_title":"What is S&P 500 (Standard and Poor's 500)? Definition & Meaning | Crypto Wiki","meta_description":"S&P 500 (Standard and Poor's 500) meaning: S&P 500 (Standard and Poor's 500) - a stock market index representing the performance of the top 500 companies in the US.","meta_keywords":null}"
:model="{"id":648,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Bitcoin#Units_and_divisibility","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-04T10:50:58.000000Z","slug":"what-is-satoshi-sats","title":"What is Satoshi (SATS)?","section":"S","keyword":"Satoshi (SATS)","content":"<p><strong>Satoshi (SATS)<\/strong> is <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin’s smallest available unit with a value of 0.00000001 BTC. It is named after the pseudonymous inventor of BTC <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//who-is-satoshi-nakamoto/">Satoshi Nakamoto<\/strong><\/a>. Satoshi (SATS) is also referred to as <strong>satoshis<\/strong> (the plural form), SAT, or even just S.<\/p>\n<p>It was proposed that a satoshi could be used to refer to one-hundredth of a BTC at first, but the crypto community eventually agreed that it should be used to refer to one hundred millionth of a BTC.<\/p>\n<p>It's <strong>essential<\/strong> for BTC to be so divisible. Since 0.10 BTC can be valued at millions of dollars, limiting it to only two decimal places would make <strong>BTC<\/strong> unsuitable for regular use. When it comes to paying <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-transaction-fee/">transaction fees<\/strong><\/a> and making <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-micropayment/">micropayments, smaller fractions are a necessity.<\/p>","definition":"Bitcoin\u2019s smallest unit with the value of 0.00000001 BTC.","status":"published","meta_title":"What is Satoshi (SATS)? Definition & Meaning | Crypto Wiki","meta_description":"Satoshi (SATS) meaning: Satoshi (SATS) - Bitcoin\u2019s smallest unit with the value of 0.00000001 BTC.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-section="what-is-satoshi-sats">