{"id":9789,"date":"2024-11-10T00:21:42","date_gmt":"2024-11-10T00:21:42","guid":{"rendered":"https:\/\/cryptoproguide.com\/%d0%ba%d1%80%d0%b8%d0%bf%d1%82%d0%be%d0%b2%d0%b0%d0%bb%d1%8e%d1%82%d0%b0-%d1%81%d0%b0%d1%82%d0%be%d1%88%d0%b8\/"},"modified":"2024-11-22T11:29:05","modified_gmt":"2024-11-22T11:29:05","slug":"satoshi-cryptocurrency","status":"publish","type":"post","link":"https:\/\/cryptoproguide.com\/da\/satoshi-cryptocurrency\/","title":{"rendered":"Satoshi cryptocurrency"},"content":{"rendered":"
\"Satoshi\"\n

In May 2023, sales of Ordinals on the Bitcoin network exceeded the total volume of NFT trades on other networks. News of the added feature of the well-known blockchain attracted the attention of the crypto community. Disassembling and explaining the technologically different mechanism of digital art tokens was in the top queries. The topic unexpectedly influenced the interest in unpopular projects, among which was the Satoshi cryptocurrency. The material tells why this happened, as well as whether the asset is associated with the new Bitcoin feature. Readers will learn whether it is necessary to purchase the token and where it is traded.<\/p>\n

What is the Satoshi cryptocurrency<\/h2>\n

A Satoshi query yields two types of results: content about the Bitcoin coin, as well as data about the cryptocurrency with the ticker SATS. The Bitcoin digital asset and the Satoshi token are not related, only a play on words unites them. It is important to be clear.<\/p>\n

Satoshi is originally a bitcoin unit or, in other words, its smallest unit of measurement. The table shows examples for clarity.<\/p>\n

\n\n\n\n\n\n\n\n\n
Currency name<\/strong><\/th>\nUnit<\/strong><\/th>\nCalculation<\/strong><\/th>\n<\/tr>\n<\/tbody>\n
Ruble<\/center><\/td>\n
Kopeck<\/center><\/td>\n
\u20bd1 = 100 kopecks<\/center><\/td>\n<\/tr>\n
US dollar<\/center><\/td>\n
Cent<\/center><\/td>\n
$1 = 100 cents<\/center><\/td>\n<\/tr>\n
Bitcoin<\/center><\/td>\n
Satoshi<\/center><\/td>\n
1 BTC = 100 million satoshi<\/center><\/td>\n<\/tr>\n
Ethereum<\/center><\/td>\n
Gwei<\/center><\/td>\n
1 ETH = 1 billion Gwei<\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The unit, like the digital asset Satoshi, was named after the alleged developer of the Bitcoin blockchain network. The story behind the creation of the blockchain is still completely unreported. The author or the development team signed with a fictitious name – Satoshi Nakamoto. Subsequently, the identities of the creators also remained secret.<\/p>\n

As a rule, units are used for settlements during transactions.<\/p>\n

In turn, the Satoshi cryptocurrency is not related to the price of bitcoin, nor to its blockchain technology. Indirectly, interest in the project began to grow amid attention to the unit. The misunderstanding arises from the name of the ticker SATS and the peculiarities of the Bitcoin network update technology.<\/p>\n

In its essence, Bitcoin developers achieved an important improvement – they realized the creation of non-fungible tokens (NFT). For this purpose, they added a new feature to the unit. In addition to participating in commissions, it is now possible to insert additional information into each satoshi. Specify, for example, a digital version of a picture or any other document. The unit physically participates in the Bitcoin chain. It has its own hash address with the extension .sats. It is important to distinguish between cryptocurrencies and NFTs:<\/p>\n