Why are sats used as a unit of measurement for bitcoins?

3 answers

• Dec 17, 2021 · 3 years ago
  Sats, short for satoshis, are used as a unit of measurement for bitcoins because they represent the smallest divisible unit of a bitcoin. With 1 bitcoin being equal to 100 million sats, using sats allows for more precision in transactions and calculations. It also makes it easier for users to understand and work with smaller amounts of bitcoin without dealing with decimal places.
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• Dec 17, 2021 · 3 years ago
  The use of sats as a unit of measurement for bitcoins is a way to honor the creator of bitcoin, Satoshi Nakamoto. By naming the smallest unit after him, it pays tribute to his contribution to the cryptocurrency world. Additionally, using sats makes it more convenient for users to discuss and trade smaller amounts of bitcoin without having to deal with fractions or decimals.
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• Dec 17, 2021 · 3 years ago
  Sats are used as a unit of measurement for bitcoins because they provide a more user-friendly experience. By using sats, it becomes easier for individuals to understand and visualize the value of their bitcoin holdings. It also allows for easier comparisons between different cryptocurrencies and their respective values. At BYDFi, we believe that using sats as a unit of measurement promotes wider adoption and accessibility of cryptocurrencies.
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