GLOSSARYSatoshi Nakamoto

Satoshi Nakamoto

Satoshi Nakamoto’s identity continues to be a mystery to this day, but this individual or group is accredited with the creation of Bitcoin and publication of the Bitcoin white paper. Many have claimed to be Nakamoto, but none of these claims has been corroborated, and most have been debunked.

Adding to the mystery is that Nakamoto seems to have taken a step back from the Bitcoin project, as their last message on the topic of Bitcoin came during the BitcoinTalk Forum on 12 December 2010. After that, there has been no mention of, or contribution by, Nakamoto with the project.

Satoshi Nakamoto has had a monumental impact on the cryptocurrency space with the creation and implementation of Bitcoin, the world’s first and to-date largest cryptocurrency by market capitalisation.

Nakamoto’s impact still resonates within the Bitcoin project: in honour of this contribution, one-hundred-millionth (0.00000001) of a Bitcoin is named a ‘satoshi’.

Key Takeaway

Satoshi Nakamoto is the pseudonym for the to-date unknown individual or group accredited with the creation of Bitcoin.

Related Words

Market Cap

Market cap refers to the total dollar value of a cryptocurrency in circulation. It is calculated by multiplying the token price by the total number of tokens.

Full definition

Circulating Supply

Circulating supply is the amount of a cryptocurrency currently on the market. The number can grow or shrink for various reasons.

Full definition

TradFi

Traditional finance, or TradFi, is a conventional approach to financial activities that relies on established institutions, such as banks, insurance companies, investment companies, and stock exchanges.

Full definition

Collection Value

Collection Value is the aggregated monetary value of all the NFTs in a collection.

Full definition

NFT Sales Volume Index (7D)

The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.

Full definition

Crypto Asset

Crypto assets are transferable digital representations of value made possible by cryptography and blockchain technology.

Full definition

24H Volume

24H Volume shows the number of a cryptocurrency’s tokens traded over a 24-hour time frame.

Full definition

7D

7D, short for seven days, refers to price data that has been collected for a cryptocurrency over a 7-day period.

Full definition

Floor Price

Floor Price is equal to the lowest-priced NFT in a collection.

Full definition

Gas (ETH)

Gas is the cost of a transaction on the Ethereum network.

Full definition