Firstly, the person credited with creating Bitcoin – The Father of Bitcoin – goes by the name Satoshi Nakamoto (a pseudonym). His / her identity remains largely unknown.
In 2014, a guy with the same name came out denying he had anything to do with it. Here’s a link on that https://www.coindesk.com/satoshi-nakamoto-denies-bitcoin-involvement
Anyways, coming back to the topic. So to credit the guy, his pseudonym has been used to define the smaller units of Bitcoin. To make this easy, what’s the smaller unit of a US Dollar? Cent, right (100 cents make a US dollar). What’s that for a Pound? Pennies or Pence. Just the same way, smaller units of a Bitcoin are called Satoshis.
So how many Satoshi’s make a Bitcoin?
1 BITCOIN = 100 MILLION SATOSHIS
There you have it. Now you know what a Satoshi means. So the next time you hear me writing “Accumulate Satoshis,” it just means you’re buying parts of Bitcoin (the cents equivalent of a Bitcoin). At the time of writing this post, 10000 Satoshis is equal to $4.65. Here’s a handy tool to convert Satoshis to USD,
Satoshis to USD tool on Coinguides.org
