What are satoshis and how do they relate to cryptocurrency?
Malitha pathirageMar 05, 2021 · 4 years ago3 answers
Can you explain what satoshis are and how they are connected to cryptocurrency? I've heard the term before but I'm not sure what it means.
3 answers
- LEGEND 'AMEEN'Jun 17, 2023 · 2 years agoSure! Satoshis are the smallest unit of Bitcoin, the most well-known cryptocurrency. They are named after Satoshi Nakamoto, the anonymous creator of Bitcoin. One Bitcoin is equal to 100 million satoshis. So, if you have 0.001 Bitcoin, you have 100,000 satoshis. Satoshis are used to measure and transact smaller amounts of Bitcoin, just like cents are used for dollars. They are an important part of the Bitcoin ecosystem and allow for microtransactions and precise value calculations.
- Jayprakash PrasadMar 27, 2021 · 4 years agoSatoshis are like the pennies of Bitcoin. They are the smallest denomination of the cryptocurrency and are used to measure and trade smaller amounts. Just like you can have 1 cent or 10 cents, you can have 1 satoshi or 10 satoshis. They are named after the mysterious creator of Bitcoin, Satoshi Nakamoto. Satoshis are an essential part of the Bitcoin economy and enable the use of Bitcoin for everyday transactions.
- Məhəmmət BakirovMay 23, 2025 · 2 months agoSatoshis are the smallest units of Bitcoin. They are named after Satoshi Nakamoto, the pseudonymous creator of Bitcoin. One Bitcoin is equal to 100 million satoshis. Satoshis are used to measure and trade fractional amounts of Bitcoin. They are particularly useful for microtransactions and for expressing the value of Bitcoin in smaller units. For example, if the price of Bitcoin is $50,000, you can also say that it is 5 million satoshis. Satoshis are an important concept in the world of cryptocurrency and are used by traders, investors, and enthusiasts alike.
Top Picks
How to Use Bappam TV to Watch Telugu, Tamil, and Hindi Movies?
2 127642How to Trade Options in Bitcoin ETFs as a Beginner?
1 3313Crushon AI: The Only NSFW AI Image Generator That Feels Truly Real
0 1269How to Withdraw Money from Binance to a Bank Account in the UAE?
1 0231Who Owns Microsoft in 2025?
2 1228Bitcoin Dominance Chart: Your Guide to Crypto Market Trends in 2025
0 0199
Related Tags
Hot Questions
- 2716
How can college students earn passive income through cryptocurrency?
- 2644
What are the top strategies for maximizing profits with Metawin NFT in the crypto market?
- 2474
How does ajs one stop compare to other cryptocurrency management tools in terms of features and functionality?
- 1772
How can I mine satosh and maximize my profits?
- 1442
What is the mission of the best cryptocurrency exchange?
- 1348
What factors will influence the future success of Dogecoin in the digital currency space?
- 1284
What are the best cryptocurrencies to invest $500k in?
- 1184
What are the top cryptocurrencies that are influenced by immunity bio stock?
More