How much Satoshi does 1 Bitcoin contain?
If you ever were a little interested in the subject of crypto and Bitcoin, you have probably heard the interesting Japanese word "satoshi". Presumably, Satoshi is the name of the very founder of the Bitcoin, whose personality is shrouded in numerous legends, and Satoshi is a fractional bits of Bitcoin, named in his honor.
What is Satoshi?
This is one hundred-millionth Bitcoin or 0.00000001 BTC. The smallest and indivisible unit of Bitcoin, like 1 cent from a dollar.
Let's take a look at Bitcoins for components to learn more about what parts it consists of. Below is a table of the ratio of Satoshi to Bitcoin:
So, we see that 1 Bitcoin is 100 million of Satoshi. You can buy or send any amount to Satoshi, which is a very convenient option when calculating.
Since the Bitcoin rate is highly prone to leaps, in order to clearly understand the ratio of Satoshi to the dollar, let us give you an example: If 1 Bitcoin will cost 40 000 $ at the same exchange rate, 1 Satoshi is $ 0.00040 in dollars, and 10,000 Satoshi is $ 4.
Who is Satoshi Nakamoto, his personality and history?
Satoshi Nakamoto is considered to be the creator of the Bitcoin crypto currency. Satoshi along with like-minded people from an unknown company wrote the first parts of the code, which were subsequently used in 2009 to create digital currencies in general and Bitcoin in particular. He is supposedly 40 years old and lives in Japan. There is a possibility that this information is not true: Satoshi writes in English as a native, and Bitcoin software does not have documentation in Japanese and is not localized for Japan.
The identity of Nakamoto is unsettled to this day: it is not known whether this person exists in reality, whether this is a real name, or perhaps this is a pseudonym behind which a team of dozens of people is hiding. Most likely, Nakamoto headed a group of programmers who still oversee the Bitcoin project, allowing the network to exist and evolve.
According to open sources, Satoshi Nakamoto promoted his invention to the masses. In 2008, the world first learned what a crypto currency is. It was in this year that Satoshi Nakamoto published his article explaining the principle of the work of blockchane and Bitcoin as a "completely decentralized system of electronic money, working without the intervention of third parties."
In the middle of 2010, something that does not lend itself to logic happened. Nakamoto leaves the project, and Bitcoin passes into the hands of an unknown group of programmers, led by Gavin Andersen. Sometime later, the media finds Satoshi Nakamoto's house and interviews him. Then the author completely abandons his invention and says he does not pretend to be any rights. Although bitcoin.org is wholly owned by the aforementioned American programmer, the identity of all participants in the Bitcoin project is completely unknown and kept in secret. The authorship of Bitcoin is also often attributed to the Australian Craig Wright; however, he was unable to provide proper evidence that would confirm his authorship.
Recently, one of the users of the Bitcoin network said that Satoshi Nakamoto is a multi-billionaire. That conclusion comes from some fans of the inventor. They did approximate estimates of the financial status of the Japanese - one million Bitcoins. This amount he earned in the early stages of network development, when the complexity of mining was minimal. In conversion into real currencies, one million Bitcoins is just a colossal amount that grows every day.
Journalists have made many attempts to find out if Satoshi Nakamoto really exists, or there is a group of people behind this name. To date, no one has ever been able to find out the truth.
How to earn Satoshi
There are many ways to earn Satoshi today, let's highlight the main ones:
• Mining or extraction of Bitcoins. Satoshi can be extracted using special equipment (the so-called "bitcoin farm"), or by resorting to cloud-based mining, where you do not need to collect your farm, or you can rent specialized resources;
• Satoshi cranes - a way to earn additional Satoshi on viewing commercials, filling in surveys, etc. .;
• Games, stock exchanges, etc. will also help to earn a bit of Satoshi.
Of course, the easiest and most convenient way to get Satoshi is to acquire them. This option is great for advanced investors in Bitcoin. Learn more about this and other ways to get and multiply Satoshi in other of our materials.
