Economy

What is satoshi? »Its definition and meaning

Anonim

When talking about Satoshi, it is inevitable to mention the term Bitcoin and this is due to the fact that this cryptocurrency has up to eight decimal places, and the smallest portion of these decimal places are known under the term Satoshi. It is important to mention that the term as such has its origin thanks to the unknown entity which is held responsible for the creation in 2009 of the Bitcoin currency, which is known under the name of Satoshi Nakamoto. That is why 1 Bitcoin when making the equivalence corresponds to 100,000,000 Satoshis.

In the profile of the P2P Foundation, Satoshi Nakamoto claimed to be a 37-year-old male individual who resided in Japan, however, many people hypothesized that his origin was quite unlikely to be Japanese, since this individual it had a very good performance when using the English language and also due to the fact that the Bitcoin software is not documented and it is not labeled in the Japanese language. On the other hand, some of the hypotheses of who this person could be have been established by important personalities in the industry, such as Dan Kaminsky who undertook the task of conducting an analysis of the Bitcoin code, Establishing Nakamoto could really be quite a genius or failing that it was a group of people.

On the other hand a programmer from Switzerland named Stefan Thomas, belonging also to the community, study hours each of the ads that ran in the Bitcoin forum, giving as a result a graph which shows a fairly significant decline between 5 am and 11 am. That same pattern was maintained even on Saturdays and Sundays.

That is why another hypothesis is that Nakamoto rested during those periods of time. For Nakamoto it will be one person that possessed habits of sleep relatively normal, one might assume that this person is in a region that is in some area of America North, Central America, the Caribbean or South America.