What is the smallest unit of bitcoin called?

3 answers

• Dec 16, 2021 · 3 years ago
  The smallest unit of bitcoin is called a satoshi. It is named after the pseudonymous creator of bitcoin, Satoshi Nakamoto. One bitcoin is equivalent to 100 million satoshis. The satoshi is the base unit of measurement for bitcoin transactions and is used to represent smaller amounts of bitcoin. It is particularly important in the context of microtransactions and the growing adoption of bitcoin as a medium of exchange. So, the next time you hear someone talking about satoshis, you'll know they're referring to the smallest unit of bitcoin!
  543272
• Dec 16, 2021 · 3 years ago
  Ah, the smallest unit of bitcoin! It's called a satoshi. It's like the penny of bitcoin. Just as there are 100 pennies in a dollar, there are 100 million satoshis in one bitcoin. It's a way to break down bitcoin into smaller, more manageable amounts. And with the increasing popularity of bitcoin, satoshis are becoming more and more relevant. So, whether you're buying a cup of coffee or investing in bitcoin, remember that it all starts with satoshis!
  453151
• Dec 16, 2021 · 3 years ago
  The smallest unit of bitcoin is known as a satoshi. It's named after Satoshi Nakamoto, the mysterious creator of bitcoin. One bitcoin is equal to 100 million satoshis. The concept of satoshis is crucial for the practical use of bitcoin. As the value of bitcoin continues to rise, it becomes more important to have smaller units that can be used for everyday transactions. This is where satoshis come in. They allow for precise and granular transactions, making it easier to buy goods and services with bitcoin. So, next time you're making a purchase with bitcoin, remember that it's the satoshis that make it possible!
  618155