Satoshi

Part of speech: noun

Pronunciation: /saˈtowʃi/

Definitions

1. A measure used in cryptocurrency that signifies the smallest divisible unit of Bitcoin
2. A specific value in digital currency representing the least amount of Bitcoin that can be traded
3. The tiniest fraction of Bitcoin recognized in digital currency systems

Etymology: The smallest unit of bitcoin is named after the pseudonymous person who created the currency, Satoshi Nakamoto, whose identity has never been confirmed. The given name Satoshi is a Japanese word, and the unit takes its name from it. That name comes from the classical Japanese adjective "satoshi", meaning clever or wise, which later became the modern "satoi", meaning clever, smart or sharp. Japanese names often draw on such adjectives, and the given name Satoshi (さとし) is a nominal form of that older word, so the currency's unit carries a meaning of intelligence in its name. Bitcoin's creator chose a pseudonym rather than a public identity, so the unit honours a name that has no confirmed owner. The smallest denomination thus bears a name chosen for its sense of cleverness, applied to a person whom no one has been able to identify.