What is the smallest unit of bitcoin and how does it compare to other units?

5 answers

• Cash LundgrenNov 02, 2024 · 10 months ago
  The smallest unit of bitcoin is called a satoshi. It is named after the pseudonymous creator of bitcoin, Satoshi Nakamoto. One bitcoin is equivalent to 100 million satoshis. This means that one satoshi is the smallest fraction of a bitcoin that can be transacted. In terms of value, satoshis are much smaller compared to bitcoins. However, they are still valuable as they allow for microtransactions and enable the divisibility of bitcoin. Satoshi's value can fluctuate just like bitcoin, and their usage is similar to other units of bitcoin in terms of buying, selling, and transferring.
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• ChrispinJun 22, 2024 · a year ago
  Ah, the smallest unit of bitcoin! It's called a satoshi. It's like the penny of bitcoin, but even smaller. One bitcoin is made up of 100 million satoshis. So, you can imagine how tiny a satoshi is compared to a whole bitcoin. In terms of value, satoshis are worth much less than bitcoins. But don't underestimate them! They are still valuable and have their own uses. You can use satoshis for microtransactions or as a way to divide up larger amounts of bitcoin. Just like bitcoins, satoshis can be bought, sold, and transferred.
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• Prokopenko ProkoMay 24, 2021 · 4 years ago
  The smallest unit of bitcoin is known as a satoshi. It's named after Satoshi Nakamoto, the mysterious creator of bitcoin. One bitcoin is equal to 100 million satoshis, which means that a satoshi is one hundred millionth of a bitcoin. In comparison to other units, satoshis are the tiniest fraction of a bitcoin and hold the least value. However, this doesn't mean they're insignificant. Satoshis are essential for microtransactions and allow for the divisibility of bitcoin. Just like other units of bitcoin, satoshis can be used for buying, selling, and transferring digital assets.
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• Nilesh GoyalFeb 20, 2023 · 2 years ago
  The smallest unit of bitcoin is called a satoshi, named after the creator of bitcoin. One bitcoin is equivalent to 100 million satoshis. Satoshis are the smallest fraction of a bitcoin that can be transacted. In terms of value, satoshis are much smaller than bitcoins. However, they are still valuable and have their own significance. Satoshis are commonly used for microtransactions and dividing larger amounts of bitcoin. Just like other units of bitcoin, satoshis can be bought, sold, and transferred.
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• Swaraj UpadhyeJun 27, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, explains that the smallest unit of bitcoin is called a satoshi. It is named after Satoshi Nakamoto, the pseudonymous creator of bitcoin. One bitcoin is equivalent to 100 million satoshis. Satoshis are the smallest fraction of a bitcoin that can be used in transactions. In terms of value, satoshis are much smaller than bitcoins. However, they are still valuable and play a crucial role in the divisibility and usability of bitcoin. Satoshis can be used for microtransactions and are bought, sold, and transferred just like other units of bitcoin.
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