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
Explain Like I'm Five (ELI5)
To explain in such simple terms that even a five-year-old would be able to understand it.
Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
Dutch Auction
A Dutch Auction, also know as an "inverted" auction, starts off with high asking price that decays over time until a pre-determined floor price.
Ponzi Scheme
A Ponzi scheme is also referred to as pyramid scheme, and typically takes the form of an investment scheme which pays existing investors with funds collected from new investors.
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