Sat Symbol offered a symbol for the smallest part of Bitcoin
Over the past few days, the crypto community has been actively discussing the idea of creating and approving the symbol of the fractional part of Bitcoin – satoshi. Among the many options, the Sat Symbol’s project has attracted the greatest interest in its design.
It’s well known that Satoshi Nakamoto was the inventor of the Bitcoin protocol, launched on January 3, 2009. The word “Satoshi” translated from Japanese means: quick-witted, clear, wise. In addition, it was this name that was used as the name of the smallest part of Bitcoin. Each Bitcoin is equal to 100 million Satoshi, and the protocol supply limit is approximately 21 million Bitcoins.
There have been many attempts to associate the symbol with the term satoshi. Crypto expert and self-proclaimed “bitcoin maximalist” Max Keizer stated that the satoshi symbol should be a tilde (~) since this symbol is quite similar to the infinity sign and is on every keyboard: ~ 1,000,000 = 1 million satoshi.
Others supported the old school S symbol (“Cool S”, also known as “Stussy S” or “Super S”), which all the cool guys used in their days.
The web portal satsymbol.com demonstrated the idea of creating a satoshi symbol in the form of three parallel horizontal lines and a small vertical line above and below a stack of horizontal lines. The website shows the orange bitcoin “B” symbol and its relationship to the Satoshi design concept in animated form.
“Support the bitcoin development initiative to make this Satoshi symbol official – open, free and unrestricted as Satoshi would like – please share if you agree,” says satsymbol.com.
Attempts to associate a symbol with a term have been made many times, but so far all have ultimately failed. In July 2019, Square Crypto kicked off a trend on Twitter when it asked people to share a design that might represent the smallest unit of Bitcoin. One person told Square that he came up with a pretty popular idea that got some support.