Satoshi
Satoshi
A Satoshi
is the smallest unit of Bitcoin, named after its creator. One Bitcoin is equal to 100,000,000 Satoshis. The concept of Satoshis allows for fine-grained transactions and microtransactions within the Bitcoin network.
Key Characteristics
- Divisibility: Satoshis enable Bitcoin to be divided into very small units, facilitating transactions of all sizes.
- Naming: Named in honor of Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
Importance
- Microtransactions: Satoshis make it possible to conduct very small transactions, which is essential for various applications and services that require micro-payments.
- Adoption and Usability: The divisibility into Satoshis enhances the usability of Bitcoin, allowing it to be used for a wider range of transactions.
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