Can you explain the concept of satoshis in bitcoin?

9 answers

• Dec 06, 2021 · 3 years ago
  Satoshis are the smallest unit of bitcoin, named after the pseudonymous creator of bitcoin, Satoshi Nakamoto. One bitcoin is equivalent to 100 million satoshis. Satoshis are used to measure and transact smaller amounts of bitcoin, similar to how cents are used for dollars. For example, if you want to send someone 0.001 bitcoin, you would be sending them 100,000 satoshis. Satoshis allow for greater divisibility and precision in bitcoin transactions.
  452226
• Dec 06, 2021 · 3 years ago
  Sure! Satoshis are like the pennies of bitcoin. Just like there are 100 pennies in a dollar, there are 100 million satoshis in one bitcoin. Satoshis are named after the mysterious creator of bitcoin, Satoshi Nakamoto. They are used to measure very small amounts of bitcoin, making it easier to transact and calculate the value of goods and services. So, if you ever hear someone talking about satoshis, they're referring to the smallest unit of bitcoin.
  453151
• Dec 06, 2021 · 3 years ago
  Satoshis are an integral part of the bitcoin ecosystem. They are named after Satoshi Nakamoto, the pseudonymous creator of bitcoin. One bitcoin is made up of 100 million satoshis. Satoshis are used to measure and transact small amounts of bitcoin. For example, if you want to buy a cup of coffee for 0.0001 bitcoin, you would be paying 10,000 satoshis. Satoshis make it easier to deal with fractions of bitcoin and enable microtransactions on the bitcoin network.
  463116
• Dec 06, 2021 · 3 years ago
  Satoshis are the smallest unit of bitcoin, and they play a crucial role in the bitcoin economy. Named after Satoshi Nakamoto, the creator of bitcoin, satoshis allow for greater precision in transactions. With one bitcoin being equivalent to 100 million satoshis, they enable the measurement and transfer of even the tiniest amounts of bitcoin. This divisibility is important for the practical use of bitcoin in everyday transactions, as it allows for flexibility in pricing and ensures that no amount is too small to be transacted.
  531107
• Dec 06, 2021 · 3 years ago
  Satoshis are a fundamental concept in bitcoin. They are named after Satoshi Nakamoto, the mysterious creator of bitcoin. One bitcoin is divisible into 100 million satoshis, making it possible to transact even the smallest amounts of bitcoin. Satoshis are used to measure the value of goods and services in the bitcoin ecosystem. For example, if you want to buy a digital product worth 0.0005 bitcoin, you would be paying 50,000 satoshis. Satoshis make it easier to calculate and compare the value of different items in bitcoin.
  52788
• Dec 06, 2021 · 3 years ago
  Satoshis are the smallest unit of bitcoin, and they are named after Satoshi Nakamoto, the pseudonymous creator of bitcoin. One bitcoin is equivalent to 100 million satoshis. Satoshis are used to measure and transact small amounts of bitcoin, similar to how cents are used for dollars. They allow for greater precision in pricing and enable microtransactions on the bitcoin network. Satoshis are an essential part of the bitcoin ecosystem and play a vital role in its usability and adoption.
  49070
• Dec 06, 2021 · 3 years ago
  Satoshis are the smallest unit of bitcoin, and they are named after Satoshi Nakamoto, the pseudonymous creator of bitcoin. One bitcoin is made up of 100 million satoshis. Satoshis are used to measure and transact small amounts of bitcoin, just like cents are used for dollars. They provide greater divisibility and flexibility in pricing, making it easier to use bitcoin for everyday transactions. Satoshis are an important concept to understand for anyone interested in bitcoin and its potential as a digital currency.
  51965
• Dec 06, 2021 · 3 years ago
  Satoshis are the building blocks of bitcoin. Named after Satoshi Nakamoto, the creator of bitcoin, satoshis are the smallest unit of the cryptocurrency. With one bitcoin being divisible into 100 million satoshis, they allow for precise measurements and transactions. Satoshis are used to represent fractions of bitcoin, making it easier to calculate and exchange smaller amounts. This divisibility is crucial for the practicality and usability of bitcoin as a currency.
  46953
• Dec 06, 2021 · 3 years ago
  Satoshis are the smallest unit of bitcoin, and they are named after Satoshi Nakamoto, the enigmatic creator of bitcoin. One bitcoin is composed of 100 million satoshis. Satoshis are used to measure and transact small amounts of bitcoin, similar to how cents are used for dollars. They provide greater granularity and flexibility in pricing, allowing for more precise transactions. Satoshis are an essential component of the bitcoin ecosystem, enabling microtransactions and facilitating the use of bitcoin in everyday life.
  52353