What is the significance of 's' and 'p' in the world of digital currencies?

1 answers

• Camila SukhadaMar 07, 2024 · a year ago
  In the world of digital currencies, 's' and 'p' are often used to represent 'satoshis' and 'pips' respectively. 'Satoshis' are the smallest unit of Bitcoin, named after its creator Satoshi Nakamoto. One Bitcoin is equivalent to 100 million satoshis. 'Pips' on the other hand, are used to measure the smallest price movement in an exchange rate. In the context of digital currencies, 'pips' refer to the smallest price increment of a cryptocurrency pair on an exchange. Understanding the significance of 's' and 'p' is important for traders and investors as it allows them to accurately analyze and track the value and volatility of digital currencies.
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