The Satoshi, the smallest unit of Bitcoin, is getting its own symbol

Published on by Cryptoslate | Published on

Square App started a mass movement on Twitter asking its followers to submit designs for a new symbol for increments of Bitcoin, the satoshi.

The Twitter community responded by submitting dozens of designs, starting a larger conversation about the inclusion of Bitcoin and satoshi symbols and the future of crypto payments online.

Recently, hundreds of Twitter users joined a movement advocating for the creation of a symbol that would represent satoshis, the smallest unit of Bitcoin recorded on the blockchain.

The company's crypto-focused team asked its followers to submit designs for the satoshi sign.

Square Crypto July 28, 2019.Coming up with a functional satoshi symbol.

Many of the designs were variations on the original Bitcoin logo created by Satoshi Nakamoto: an uppercase B with two vertical stems coming out of it.

Bitcoin maximalists argued that holding onto the dollar symbol defeats the purpose of cryptocurrencies and called for a new, unique design.

The number 8 represents the number of decimals in a satoshi, as 1 satoshi is one hundred millionth of a single bitcoin.

1 satoshi = 0.00000001 BTC, simple way to integrate the mathematical side into the logo.

Variations on the original Bitcoin logo were also submitted, with some users suggesting using a lowercase letter "b" to represent satoshis.