Like many fiat currencies, Bitcoin has the smallest monetary unit – Satoshi
The US dollar hasa cent has a value of 1/100 of a dollar, a pound has a penny, and Bitcoin's minimum unit of account is – this is satoshi.
What are satoshi?
Satoshi – it is the smallest portion of Bitcoin recorded on the blockchain.
Each bitcoin (BTC) is divided to the 8th mark after the comma.
Splitting bitcoin into a smaller unit makes it easier to make transactions and transactions with fiat currencies more correct.
Satoshi is widely used on cryptocurrency exchange sites for buying and selling other crypto assets such as Litecoin, Ether and others.
Many bitcoin cranes give their users free bitcoins in satoshi units.
Where did Satoshi get his name from?
It all started in 2008 with a publication on the InternetA 9-page article by an anonymous author who used the name "Satoshi Nakamoto". The smallest unit of measurement is named after the creator of Bitcoin, Satoshi Nakamoto.
To this day his identity remains unknown.
Millibitcoins and microbitcoins
Satoshi represents a hundred millionth of one bitcoin.several other units, such as millibitcoins (mBTC) and microbitcoins (zBTC).
- 1 BTC=1,000 mBTC (milibitcoin)
- 1 BTC=1,000,000 μBTC (microbitcoin)
- 1 BTC=100,000,000 satoshis
The presence of these small denominations makes it much easier to conduct transactions with bitcoins.
Bitcoin has a limited supply of 21 million BTC.The last coin is expected to be mined sometime in 2140. Over time, the price of Bitcoin will continue to rise and breaking the digital currency into smaller units will make it more convenient for everyday transactions.
How to convert bitcoin into satoshi?
How to quickly and accurately convert satoshi into bitcoins?seem like a simple mathematical calculation in which you need to move a decimal point in the right direction based on the aforementioned conversion system.
However, you need to be extra careful when converting.This is due to the fact that the transactions of VTS, both sent and received, are irreversible.
For this, there are special tools that show the exact value at the touch of a button.
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