Lightning Labs and Square have sparked a friendly competition to give the Satoshi, the smallest unit of Bitcoin, its own symbol.
It started after Desiree Dickerson, the head of operations at Lightning Labs, asked Square Crypto if they could crowdsource a symbol from the community on Twitter.
For sure. Send us your ideas and we’ll retweet our favorites. 🌀 https://t.co/V1QGYFVdUv
— Square Crypto (@sqcrypto) July 28, 2019
Each Bitcoin can be broken up into 100 million Satoshis, similar to the way one dollar equals 100 pennies. Expressed as a number, one Satoshi equals 0.00000001 BTC.
In order for Bitcoin to attain widespread adoption as a currency, the Satoshi will likely have to stand on its own and become widely used and understood. Although Bitcoin has hit the mainstream vernacular, newcomers to the space are slow to realize that it’s possible to buy, sell and transfer fractions of the leading cryptocurrency.
|1 Satoshi||= 0.00000001 ฿|
|100,000 Satoshi||= 0.00100000 ฿|
|1,000,000 Satoshi||= 0.01000000 ฿|
|10,000,000 Satoshi||= 0.10000000 ฿|
|100,000,000 Satoshi||= 1.00000000 ฿|
Once the Satoshi symbol challenge began on Twitter, entries quickly started pouring in. Here’s a look at a few of the submissions.
Hi! I'm so glad you asked! I've been promoting "the sat" character for almost a year now. I have a simple github with custom fonts and images of the ($@) character. Feel free to use it! pic.twitter.com/StBmG0EjSz— ₿itficus🌳🌏🛸 (@bitficus) July 29, 2019
we’ve already decided 2 decades ago. pic.twitter.com/zd4llCyrT1— 𝕬𝖑𝖊𝖝𝖆𝖓𝖉𝖊𝖗 𝕵𝖔𝖍𝖓 ⌬ (@starshipvandal) July 28, 2019
Most sub currencies have some sort of strike through of some sort so this follows through with that, but mainly I was fixated on creating the number 8 in some way. 1 satoshi = 0.00000001 BTC (8 decimal places), simple way to integrate the mathematical side into the logo. pic.twitter.com/9LvjaXWvhs— Comet (@Comet_BTC) July 29, 2019
Seems so obvious, taken from Reddit... pic.twitter.com/72dl9PHqlw— 𝔪άтⓉᑭค𝔰𝓼 (@mattpass) July 29, 2019
You can check out the full thread and all of the submissions here.