What is ethereum?
Ethereum, like Bitcoin, is a distributed public blockchain network with some significant technical differences. The most important to note is that Bitcoin and Ethereum differ substantially in their purpose and capability. Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments. While the Bitcoin blockchain is used to track ownership of the digital currency (BTC), the Ethereum blockchain focuses on running the programming code of any decentralized application.
In the Ethereum blockchain, instead of mining for BTC, miners work to earn ETH, the crypto token that fuels the network. Beyond a tradeable cryptocurrency, ETH is also used by application developers to pay for transaction fees and services on the Ethereum network.
What is a Satoshi?
A Satoshi is a fraction of Ethereum that equals 0.00000001 ETH, that is a hundredth of a millionth ETH.