What is a satoshi and how does it relate to cryptocurrencies?

7 answers

• Braswell ElmoreOct 04, 2024 · 10 months ago
  Sure! A satoshi is the smallest unit of Bitcoin, the most well-known cryptocurrency. It is named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto. One Bitcoin is equal to 100 million satoshis. So, if you have 0.000001 BTC, you have 100 satoshis. The concept of satoshis allows for the division of Bitcoin into smaller, more manageable units.
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• dhurv1999Mar 22, 2023 · 2 years ago
  Ah, the satoshi! It's like the penny of the Bitcoin world. Just as a penny is the smallest unit of the dollar, a satoshi is the smallest unit of Bitcoin. It's named after the mysterious Satoshi Nakamoto, who created Bitcoin. So, if you ever hear someone say they have a million satoshis, they're talking about a small fraction of a Bitcoin.
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• Flindt CooneyJun 30, 2021 · 4 years ago
  Absolutely! A satoshi is the smallest unit of Bitcoin. It's named after Satoshi Nakamoto, the anonymous creator of Bitcoin. One Bitcoin is equal to 100 million satoshis. This division allows for greater flexibility in transactions and makes it easier to calculate the value of smaller amounts of Bitcoin. At BYDFi, we support the use of satoshis and believe they play an important role in the future of cryptocurrencies.
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• Inu Rengga ErlanggaDec 22, 2021 · 4 years ago
  A satoshi is a tiny fraction of a Bitcoin. It's named after Satoshi Nakamoto, the enigmatic figure behind Bitcoin. One Bitcoin is made up of 100 million satoshis. This division allows for microtransactions and makes Bitcoin more accessible to everyday users. So, if you're ever dealing with small amounts of Bitcoin, you'll likely be dealing with satoshis.
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• SAURAV KUMARMar 10, 2023 · 2 years ago
  Certainly! A satoshi is the smallest unit of Bitcoin. It's like a cent in the world of dollars. One Bitcoin is equal to 100 million satoshis. This division allows for greater precision when dealing with small amounts of Bitcoin. So, if you're ever dealing with fractions of a Bitcoin, you'll be dealing with satoshis.
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• Peterson BarlowJun 08, 2023 · 2 years ago
  A satoshi is the smallest unit of Bitcoin. It's named after Satoshi Nakamoto, the mysterious creator of Bitcoin. One Bitcoin is equal to 100 million satoshis. This division allows for greater flexibility in transactions and makes it easier to calculate the value of smaller amounts of Bitcoin. So, if you're ever dealing with tiny fractions of Bitcoin, you'll be dealing with satoshis.
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• lin zhengMar 20, 2023 · 2 years ago
  A satoshi is the smallest unit of Bitcoin. It's named after Satoshi Nakamoto, the anonymous creator of Bitcoin. One Bitcoin is equal to 100 million satoshis. This division allows for greater precision when dealing with small amounts of Bitcoin. So, if you ever need to work with tiny fractions of Bitcoin, you'll be working with satoshis.
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