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Blockchain & Crypto vocabulary · Coins & Tokens

Satoshi

Meaning in blockchain & crypto, with examples

/səˈtoʊ.ʃi/nounCommon term

In blockchain & crypto, satoshi means: The smallest unit of bitcoin, equal to one hundred millionth of a bitcoin (0.00000001 BTC). It is named after Satoshi Nakamoto, the creator of Bitcoin.

In Turkish: satoshi, sat

How it is used

Often shortened to sats: 'The fee was 2,000 sats.' Used for small payments and fee rates (satoshis per virtual byte, sat/vB). Some apps show balances in sats to make small amounts easier to read.

Example sentences

  1. One bitcoin is divided into 100 million satoshis.

  2. The wallet set the fee at 12 satoshis per virtual byte.

Common collocations

  • sats per byte
  • stack sats
  • a few thousand sats
  • fee in satoshis
  • BitcoinThe first cryptocurrency, launched in 2009 by an unknown person or group using the name Satoshi Nakamoto. It runs on its own proof-of-work blockchain and has a maximum supply of 21 million coins.
  • transactionAny action recorded on a blockchain, such as sending coins from one address to another or calling a smart contract. It must be signed with the sender's private key.
  • gas feeThe fee paid to the network to process a transaction or run a smart contract, especially on Ethereum and similar chains. It goes up when the network is busy.
  • cryptocurrencyDigital money that exists only on a blockchain and is protected by cryptography instead of being issued by a central bank. Bitcoin was the first one.

More terms: Coins & Tokens

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