Why is Satoshi considered the smallest unit of Bitcoin?

5 answers

• Dec 27, 2021 · 3 years ago
  Satoshi is the smallest unit of Bitcoin, named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto. It is named as such to honor the creator of the cryptocurrency. One Bitcoin is equal to 100 million Satoshis, making it the smallest divisible unit. Satoshi is important in the Bitcoin ecosystem because it allows for microtransactions and enables the use of Bitcoin in everyday transactions. For example, if you want to buy a cup of coffee with Bitcoin, you can pay a few Satoshis instead of a whole Bitcoin.
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• Dec 27, 2021 · 3 years ago
  Satoshi is like the penny of Bitcoin. It's the smallest unit of the cryptocurrency, just like a penny is the smallest unit of the dollar. Satoshi got its name from the mysterious creator of Bitcoin, Satoshi Nakamoto. It's a way to pay homage to the person who started it all. Satoshi is important because it allows for small transactions and makes Bitcoin more accessible to everyone. It's like having pocket change in the digital world.
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• Dec 27, 2021 · 3 years ago
  Satoshi is considered the smallest unit of Bitcoin because it is named after the creator of Bitcoin, Satoshi Nakamoto. It's like the cent in the US dollar or the pence in the British pound. Satoshi allows for smaller transactions and makes Bitcoin more divisible. It's important because it enables the use of Bitcoin in everyday transactions, even for small purchases like a candy bar or a bus ticket. Satoshi is a way to make Bitcoin more practical and user-friendly.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, explains that Satoshi is the smallest unit of Bitcoin. It is named after the mysterious creator of Bitcoin, Satoshi Nakamoto. One Bitcoin is equal to 100 million Satoshis. Satoshi is important because it allows for microtransactions and makes Bitcoin more divisible. It's like having cents in your pocket, but in the digital world. With Satoshi, you can buy small things with Bitcoin, like a slice of pizza or a song on a music streaming platform.
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• Dec 27, 2021 · 3 years ago
  Satoshi is the smallest unit of Bitcoin, named after Satoshi Nakamoto, the anonymous creator of Bitcoin. It's like the smallest Lego brick that makes up the whole Bitcoin. Satoshi is important because it allows for smaller transactions and makes Bitcoin more practical for everyday use. It's like having change in your wallet. With Satoshi, you can buy things like a cup of coffee or a magazine subscription with Bitcoin. It's all about making Bitcoin more usable and accessible to everyone.
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