Questions
TagsWhat is the meaning of sats in the world of cryptocurrency?
Dikshansh TanwarMar 18, 2022 · 3 years ago1 answersCan you explain the meaning of sats in the world of cryptocurrency? I've heard this term being used but I'm not sure what it refers to. How does it relate to Bitcoin and other cryptocurrencies?
1 answers
- Sats, short for satoshis, are the smallest unit of Bitcoin. They are named after Satoshi Nakamoto, the mysterious creator of Bitcoin. Sats are used to measure and transact smaller amounts of Bitcoin. For example, if you want to send someone 0.0001 Bitcoin, you can say you're sending them 10,000 sats. It's a way to make Bitcoin more accessible and user-friendly, especially for newcomers who may find it easier to understand and work with smaller units.Mar 18, 2022 · 3 years ago
Related questions
- 83
How can I buy Bitcoin with a credit card?
- 74
What are the tax implications of using cryptocurrency?
- 69
What are the advantages of using cryptocurrency for online transactions?
Load 5 more related questions
Related Tags
Hot Questions
- 83
How can I buy Bitcoin with a credit card?
- 74
What are the tax implications of using cryptocurrency?
- 69
What are the advantages of using cryptocurrency for online transactions?
- 62
How can I minimize my tax liability when dealing with cryptocurrencies?
- 61
What is the future of blockchain technology?
- 52
What are the best digital currencies to invest in right now?
- 37
How does cryptocurrency affect my tax return?
- 21
How can I protect my digital assets from hackers?