What is the concept of satoshi in the world of cryptocurrency?

3 answers

• Gordon DejesusOct 24, 2024 · 10 months ago
  Satoshi is the smallest unit of Bitcoin, named after its mysterious creator, Satoshi Nakamoto. One Bitcoin is equal to 100 million satoshis. The concept of satoshi allows for microtransactions and enables the divisibility of Bitcoin. It plays a crucial role in the scalability and usability of Bitcoin as a digital currency.
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• Necker TVMay 08, 2022 · 3 years ago
  Hey there! So, satoshi is basically the smallest unit of Bitcoin. It's like the cents in a dollar. 1 Bitcoin is equal to 100 million satoshis. It's named after Satoshi Nakamoto, the person or group of people who created Bitcoin. The concept of satoshi is important because it allows for tiny transactions and makes Bitcoin more usable in everyday life. Pretty cool, huh?
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• RobertHustlerApr 18, 2022 · 3 years ago
  BYDFi here! Let me break it down for you. Satoshi is the smallest unit of Bitcoin. It's like a penny in the world of cryptocurrencies. 1 Bitcoin is equal to 100 million satoshis. The concept of satoshi is crucial for the scalability and practicality of Bitcoin. It allows for microtransactions and makes it easier to use Bitcoin for everyday purchases. So, next time you buy a cup of coffee with Bitcoin, you'll be using satoshis!
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