Cryptocurrency Q&A
What is a bitcoin Satoshi?
What is a bitcoin Satoshi?
CryptoMystic
Fri Jun 21 2024
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13 answers
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Could you please elaborate on the concept of a "Bitcoin Satoshi"? I've heard the term but am not entirely clear on its meaning and significance in the cryptocurrency landscape. As a practitioner in the field of cryptocurrency and finance, I'm interested in understanding how it fits into the broader ecosystem. Is it a unit of measurement? Does it have a specific value? How does it relate to the overall value of Bitcoin? Any clarification would be greatly appreciated.
13 answers
CryptoAlchemy
Sun Jun 23 2024
These smaller units are called satoshis, which serve as a subdivision of bitcoin.
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SolitudePulse
Sun Jun 23 2024
The smallest denomination of bitcoin is a satoshi, equivalent to one hundred millionth of a bitcoin.
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BitcoinBaroness
Sun Jun 23 2024
The name "satoshi" is derived from the pseudonymous founder of bitcoin, Satoshi Nakamoto.
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Maria
Sun Jun 23 2024
Bitcoin, as a digital currency, offers flexibility in its transactional denominations.
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ShadowFox
Sun Jun 23 2024
The satoshi serves as a convenient way to denominate small fractions of bitcoins.
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