Can you tell me the amount of satoshis in one bitcoin?
PrayagDec 16, 2021 · 3 years ago3 answers
I'm curious about the relationship between satoshis and bitcoins. Can you explain to me how many satoshis are there in one bitcoin?
3 answers
- Dec 16, 2021 · 3 years agoSure! One bitcoin is equal to 100 million satoshis. Satoshi is the smallest unit of bitcoin, named after the pseudonymous creator of bitcoin, Satoshi Nakamoto. It's like dividing one dollar into 100 cents. So, if you have one bitcoin, you have 100 million satoshis.
- Dec 16, 2021 · 3 years agoAbsolutely! In the world of bitcoin, one bitcoin is made up of 100 million satoshis. It's similar to how one dollar is composed of 100 cents. This division allows for greater precision when dealing with smaller amounts of bitcoin.
- Dec 16, 2021 · 3 years agoOf course! There are 100 million satoshis in one bitcoin. This division allows for microtransactions and makes it easier to calculate and express the value of smaller amounts of bitcoin. At BYDFi, we also use this unit to facilitate trading and provide a better user experience for our customers.
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