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Complete Guide to Bitcoin Satoshis: Understanding the Building Blocks of Bitcoin
What are Bitcoin Satoshis? Bitcoin satoshis, often referred to as “sats,” are the smallest monetary units that form part of the bitcoin (BTC) ecosystem. Named after Satoshi Nakamoto, the pseudonymous creator of bitcoin, one satoshi represents one one-hundred-millionth of a bitcoin, or 0.00000001 BTC. This foundational unit of measurement is crucial for performing microtransactions, enabling…
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A Complete Guide to Bitcoin Satoshis: Understanding the Basics
What are Bitcoin Satoshis? Bitcoin satoshis, often referred to as ‘sats’, are the smallest units of bitcoin (BTC). Each satoshi represents one hundred millionth of a bitcoin, or 0.00000001 BTC. Named after the pseudonymous creator of bitcoin, Satoshi Nakamoto, these tiny denominations play a vital role in the Bitcoin ecosystem, allowing users to conduct microtransactions…