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 .
Share with a friend
If you thought this information was helpful why not share it on your favourite social media network and encourage others to learn more about Bitcoin
The latest news from our blog
Bitcoin Hashrate Reaches 1 Zetahash
Despite the drama surrounding the release of Core 30 and the fact that Bitcoin continues to hover above $ 100,000, this latest bull cycle has
What Is the Drama Surrounding Bitcoin Core 30?
The Bitcoin ecosystem is witnessing one of its most contentious debates in years, centred around Bitcoin Core version 30 and its controversial expansion of OP_RETURN
What Is SamRock Protocol?
As more of the world’s cash balances migrate into Bitcoin, it enriches those who have chosen to store their value in this $2 trillion-sized digital