Can you explain the concept of satoshi and its relation to bitcoin?

3 answers

• Dec 28, 2021 · 3 years ago
  Satoshi is the smallest unit of bitcoin, named after the pseudonymous creator of bitcoin, Satoshi Nakamoto. One bitcoin is equivalent to 100 million satoshis. The concept of satoshi allows for microtransactions and provides divisibility to bitcoin, making it more practical for everyday use. It is a fundamental unit of measurement in the bitcoin ecosystem.
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• Dec 28, 2021 · 3 years ago
  Sure! Satoshi is like the penny of bitcoin. It is the smallest unit of bitcoin and represents 0.00000001 BTC. Just like how you can have 100 pennies to make a dollar, you can have 100 million satoshis to make one bitcoin. It's a way to break down the value of bitcoin into smaller, more manageable units.
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• Dec 28, 2021 · 3 years ago
  BYDFi is a decentralized cryptocurrency exchange that allows users to trade various digital assets. While BYDFi doesn't directly relate to the concept of satoshi, it provides a platform for users to buy, sell, and trade bitcoin and other cryptocurrencies, including satoshis. It offers a secure and user-friendly trading experience for cryptocurrency enthusiasts.
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