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TagsWhat is the meaning of sats in the world of cryptocurrency?
R PDec 17, 2021 · 3 years ago1 answersCan you explain the meaning of sats in the world of cryptocurrency? I've heard this term being used but I'm not sure what it refers to. How does it relate to Bitcoin and other cryptocurrencies?
1 answers
- Sats, short for satoshis, are the smallest unit of Bitcoin. They are named after Satoshi Nakamoto, the mysterious creator of Bitcoin. Sats are used to measure and transact smaller amounts of Bitcoin. For example, if you want to send someone 0.0001 Bitcoin, you can say you're sending them 10,000 sats. It's a way to make Bitcoin more accessible and user-friendly, especially for newcomers who may find it easier to understand and work with smaller units.Dec 17, 2021 · 3 years ago
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