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What is Satoshi?


A satoshi is currently the smallest fraction of a Bitcoin. The unit has been named "satoshi" in collective homage to the founder Bitcoin, Satoshi Nakamoto. Satoshi are to Bitcoin like Pennies are to Dollars - just smaller.

1 Satoshi = 0.00000001 ฿
10 Satoshi = 0.0000001 ฿
100 Satoshi = 0.000001 ฿
1,000 Satoshi = 0.00001 ฿
10,000 Satoshi = 0.0001 ฿
100,000 Satoshi = 0.001 ฿
10,0000,000 Satoshi = 1 ฿

OR
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What is Bitcoin?


Bitcoin is a payment system introduced as open source applications in 2009 by programmer Satoshi Nakamoto. Media reports frequently refer to bitcoin as a digital or cryptocurrency money although its standing as a money is challenged. Bitcoins are created as a benefit for payment processing work by which users offer their computing power record and to check payments to the public ledger. Firms, people or called mining participate in this task in exchange for transaction fees and bitcoins that is recently created. Besides mining, bitcoins could be obtained in exchange for services, goods, and fiat money. Users can send and receive bitcoins for an elective transaction fee using wallet applications on mobile device, a personal computer, or a web application. Increase has been found by Bitcoin as a kind of payment for services and products,and retailers have an incentive to take the electronic money because fees are lower compared to 2-3% generally enforced by credit card chips. Unlike bank cards, the purchaser pays any fees not the seller. Bitcoins could be stolen and chargebacks are not possible. Commercial usage of bitcoin is now not large in comparison with its use by speculators, which has fueled cost volatility. Bitcoin is a matter of examination amid concerns that it may be used for actions that are prohibited. The US is considered bitcoin-friendly when compared with other authorities. In China, purchasing bitcoins with yuan is subject to limitations, and bitcoin exchanges will not be permitted to hold bank accounts.

E-mail: uss@uam.edu.ng or academic_office@uam.edu.ng Introduction: All applicants seeking admission into University of Agriculture, Makurdi are hereby invited to register on- line for the 2015/16 academic session admission. The application must be from suitably qualified candidates who have applied to Joint Admission and Matriculation Board (JAMB) and have chosen University of Agriculture, Makurdi. Eligibility Only candidates who sat for 2015/2016 Unified Tertiary Matriculation Examination (UTME) with correct subject combination and have scored a minimum of 180 marks in the examination are eligible to take Post- UTME Screening Test. Method of Application a. Applicants are required to pay a non-refundable fee of N2,000 for Post- UTME and N500 for service charge , bringing the total to N2,500 (Two Thousand Five Hundred Naira) only b. Applicant will be given a University of Agriculture, Makurdi POST-UTME Payment Slip from the Bank containing applicant’s JAMB Number as User Name and Payment Pin as Password. c. Applicants are expected to register online for the POST-UTME using the Payment Voucher information by filling the POST UTME Registration Form available on the University website entry.uam.edu.ng/utme (follow the guidelines on the website). d. Applicants are expected to provide correct information about their candidature on the University portal and make a printout of the form filled online from the University portal. e. Your computer printout of the online registration from the University website will contain date, time and venue of your Post-UTME screening test which is personal to you. Payment Options for Fees/ Charges Applicants have three payment options. The options are: i. Internet Banking: Go to the University website ( fees.uam.edu.ng/epay ) and follow the instruction on our website to make your payment on the portal using your bank ATM card. ii. Mobile Banking: Use your ATM card on a mobile device (i.e. internet ready handset, ipad, etc) on the portal fees.uam.edu.ng/epay to pay your fees/charges. Follow the instruction at uam.edu.ng/Uampay- Details iii. Bank Branch: Go to any branch (nation-wide) of Zenith Bank Plc, UBA Plc, Union Bank Plc and Skye Bank Plc to pay the fees. There is a video and text instructions/guidelines on how to make payment using the three options on our website uam.edu.ng/Uampay- Details The Screening Exercise Sessions i. The screening exercise commences on, 17 August and ends on Thursday 20 August, 2015. ii. Applicants are expected to come along with the following on the Screening Exercise date: a. The Printout of the Online Registration Form filled from the University website. b. Bank Payment Slip as evidence of payment. c. A coloured Printout of original JAMB result slip (the coloured result slip that contains your passport photograph on it) Applicants should Note: i. The Post-UTME screening test is Computer-Based Testing. ii. The use of Electronic calculators, GSM phones, CDMA and other electronic devices are not allowed into the screening exercise hall. iii. Candidates without the Filled Online Form, coloured printout of the Jamb result with passport photograph and Bank Payment Slip will not be allowed to participate in the screening exercise. iv. Bank draft and Cash payment will not be accepted. Signed Registrar

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