Satoshis

Satoshis

A satoshi, named in honor of Bitcoin's mysterious creator Satoshi Nakamoto, is the smallest divisible unit of the pioneering cryptocurrency, Bitcoin. Each satoshi is equivalent to a hundred millionth (0.00000001) of a whole bitcoin, making it the fundamental unit utilized in the complex world of Bitcoin transactions. The use of satoshis allows for greater precision in valuing and exchanging these digital assets, enabling smaller transactions and facilitating the expansion of the Bitcoin ecosystem. They play a crucial role as they offer convenience, versatility, and accuracy in peer-to-peer transactions on the decentralized blockchain network.

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Cryptopedia: Satoshis