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satoshi, n.

Brit. Hear pronunciation/səˈtɒʃi/
U.S. Hear pronunciation/səˈtoʊʃi/
Forms:  also with capital initial.(Show Less)
Origin: From a proper name Etymon: proper name Satoshi Nakamoto.
Etymology: < the name of Satoshi Nakamoto (reportedly born in 1975), to whom the introduction of the Bitcoin system is attributed, presumed to be a pseudonym for one or more unknown persons.

  The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin. Cf. Bitcoin n. at bit n.4 Additions.

2012   European Central Bank trying to come to Grips with Electronic Currencies in Ripple Project (Usenet newsgroup) 12 Nov.   There's..talks on colored coins, which is nothing but an implementation of Ripple on top of Bitcoin, using satoshis (10^-8 btc) to represent IOUs.
2013   Guardian 26 Nov. (G2 section) 6/3   You don't have to spend whole Bitcoins: each one can be split into 100m pieces (each known as a Satoshi), and spent separately.
2015   P. Franco Understanding Bitcoin ix. 155   The minimum transaction fee is currently set to 1,000 satoshis or 0.00001 bitcoins.
2017   Times (Nexis) 3 Nov.   The Saw Mill Café in east London accepts satoshis.

2012—2017(Hide quotations)


This entry has been updated (OED Third Edition, September 2019).