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Khan Academy is a 501(c)(3) nonprofit organization. Donate or volunteer today! Khan Academy is a 501(c)(3) nonprofit organization. Donate or volunteer today! Donate to Bitcoin.org Bitcoins can currently be subdivided by seven decimal places: a thousandth of a bitcoin is known as a milli and a hundred millionth of a bitcoin is known as a satoshi. Bitcoin is an innovative payment network and a new kind of money. Donate to Bitcoin.org Use this QR code or address below There have been several high profile cases of bitcoin exchanges being hacked and funds being stolen, but these services invariably stored the digital currency on behalf of customers. What was hacked in these cases was the website and not the bitcoin network. The author, going by the name Satoshi Nakamoto, wrote: “The root problem with conventional currencies is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”