Cryptocurrency Q&A
How many bits is Bitcoin?
How many bits is Bitcoin?
benjamin_rose_author
Thu Dec 05 2024
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6 answers
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I'm trying to understand the technical details of Bitcoin. Specifically, I want to know how many bits is used in the Bitcoin system. Is it a certain number of bits that represents each Bitcoin, or is it something else entirely?
6 answers
Stefano
Sat Dec 07 2024
The relationship between Bitcoin and its smallest unit is straightforward.
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Lucia
Fri Dec 06 2024
Specifically, 1 million bits, which is numerically represented as 1,000,000, constitute a single Bitcoin.
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PulseRider
Fri Dec 06 2024
Instead, 1 Bit is equivalent to 100 Satoshi, providing a finer granularity for transactions.
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MysticEchoFirefly
Fri Dec 06 2024
This conversion highlights the divisibility of Bitcoin, allowing for transactions involving fractional amounts.
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EmilyJohnson
Fri Dec 06 2024
In the Bitcoin ecosystem, the smallest unit is known as a Satoshi.
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