Satoshi
Any currency has to divisible if it’s going to be used as a medium of exchange; fiat money like US Dollars are divided into 100 cents when needed. Since Bitcoin is superior to fiat money, its divisibility is far greater, so while 1 dollar can be split into 100 cents. 1 Bitcoin can be split into 100 million pieces.
So what do we call this 100 millionth of a Bitcoin? The Individual unit that makes up a Bitcoin? A Bitcoin is divided into a unit of cryptocurrency known as Satoshis. Each Bitcoin is divisible down to eight decimal place
The satoshi is named after Bitcoin’s anonymous ‘founder’, Satoshi Nakamoto. Satoshis are also referred to as Sats more in everyday cryptocurrency conversations as well as a an easier way to price goods and services especially on layer 2 solutions like the lightning network .
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