Satoshi
By CoinGecko | Updated on Mar 08, 2021
Owning its name to the name of the Bitcoin creator, Satoshi Nakamoto. A Satoshi is the smallest divisible fungible unit in the bitcoin protocol, meaning the smallest amount of bitcoin one can send is 1 satoshi, or 0.00000001 bitcoin.
Related Terms
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
Byzantine Generals’ Problem
A term used to describe the situation a single strategy which requires consensus from all members within a group who cannot be trusted or verified
Delegated Proof-of-Stake (dPOS)
A consensus mechanism where selected members of a network are voted as delegates to validate transactions and produce blocks on a blockchain.
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