Cryptocurrency Q&A
What is .01 Bitcoin called?
What is .01 Bitcoin called?
Valentino
Sun Oct 27 2024
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7 answers
1212
I'm curious about a specific term related to Bitcoin. I want to know what the fraction of 0.01 Bitcoin is commonly referred to as in the cryptocurrency community.
7 answers
SsamziegangSerenadeMelodyHarmonySoul
Tue Oct 29 2024
The origins of Bitcoin's valuation system can be traced back to its creator, Satoshi Nakamoto.
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CryptoMystic
Tue Oct 29 2024
Nakamoto determined that one bitcoin should be equivalent to 100 million satoshis, the smallest unit of the cryptocurrency.
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CryptoQueen
Tue Oct 29 2024
This decision was made no later than November 2008, highlighting Nakamoto's early vision for Bitcoin's monetary structure.
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CryptoChieftain
Tue Oct 29 2024
As Bitcoin's popularity grew, the need for a term to represent a fractional amount of the cryptocurrency arose.
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Tommaso
Mon Oct 28 2024
On November 15, 2010, a user named ribuck proposed that the one hundredth of a bitcoin, or 0.01 BTC, should be called a Satoshi.
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