Crypto:
29881
Bitcoin:
$68.530
% 0.89
BTC Dominance:
%52.7
% 0.31
Market Cap:
$2.57 T
% 0.03
Fear & Greed:
75 / 100
Bitcoin:
$ 68.530
BTC Dominance:
% 52.7
Market Cap:
$2.57 T

What Is A Satoshi: Bitcoin’s Smallest Unit

Satoshi is the smallest unit of Bitcoin, which is a digital currency. Satoshi is like a tiny piece of a Bitcoin. In fact, one Bitcoin is made up of 100 million satoshis. That is so many parts!

1 satoshi = 0.00000001 BTC

So, why do we need these tiny units? The answer is easy. Just imagine, you want to buy something using Bitcoin but the price is just a fraction of a Bitcoin.That’s why Bitcoin can be divided into smaller amounts, just like regular money can be divided into cents or pennies.

The name Satoshi comes from the person or group of people who created Bitcoin, known as Satoshi Nakamoto. It’s a way to honor their contribution to the world of digital currency. You might also see the unit as a short form of “sat.”

You might like this: What’s ZkSync?

We usually use Satoshi as the unit of measurement. However on some of the platforms, the amounts are converted into Bitcoin for easier understanding.(for example:0.0006 bitcoin) But when it comes to really small parts of a Bitcoin, some platforms show the value in satoshi to make it simpler.

Sometimes, even a Satoshi isn’t small enough for certain transactions. In those cases, there is something called a Millisatoshi, which is even tinier than a Satoshi. Millisatoshi is equal to one hundred billionth of a Bitcoin. But it’s not commonly used.

There are a few other units of Bitcoin that you might know. One of them is Millibitcoin (mBTC), which is equal to one thousandth of a Bitcoin. Another is Microbitcoin (μBTC), which is equal to one millionth of a Bitcoin. Don’t worry! These units aren’t used often.

 


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