* [bitcoindev] BIP Proposal: Define Bitcoin Subunits as Satoshis/Sats
@ 2025-04-29 12:18 'OceanSlim' via Bitcoin Development Mailing List
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From: 'OceanSlim' via Bitcoin Development Mailing List @ 2025-04-29 12:18 UTC (permalink / raw)
To: Bitcoin Development Mailing List
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To the Bitcoin developer community,
I'm writing to propose a new Bitcoin Improvement Proposal (BIP) aimed at
formally standardizing terminology for Bitcoin's smallest unit. This is an
informational BIP that seeks to officially recognize "satoshi" (singular)
or "satoshis" (plural) as the standard term for 1/100,000,000 of a bitcoin,
with "sats" as the standard abbreviation.
While this terminology is already widely used throughout the Bitcoin
ecosystem, no formal standard exists, leading to inconsistent usage across
applications, documentation, and communications. This BIP seeks to
formalize what has organically become common practice.
The BIP can already be viewed here:
https://github.com/bitcoin/bips/pull/1841
<https://deref-gmx.com/mail/client/rgLlibWjbIA/dereferrer/?redirectUrl=https%3A%2F%2Fgithub.com%2Fbitcoin%2Fbips%2Fpull%2F1841>
I'd like to note that this proposal differs from BIP-176 (Bits
Denomination) and the recent BIP-177 proposal (Redefine Bitcoin's Base
Unit). While those proposals suggest changing or adding denomination
schemes, this BIP simply formalizes existing widely-used terminology
without changing the underlying unit structure.
I look forward to your feedback and suggestions.
Thank you,
OceanSlim
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2025-04-29 12:18 [bitcoindev] BIP Proposal: Define Bitcoin Subunits as Satoshis/Sats 'OceanSlim' via Bitcoin Development Mailing List
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