What is Bitcoin?
Bitcoin is the first digital currency. It uses the peer-to-peer protocol to make instant payments.
It was created in 2009 by an anonymous developer (or a group of developers) whose pseudonym is Satoshi Nakamoto. Over the years, it has become more a store of value than a P2P electronic cash system. And some holders now call it the “digital gold.”
- Ticker: BTC
- Symbol: ฿
A Bitcoin is divisible to eight decimal places – it represents a value of 10 to the power of 8.
Want to learn more? Read Satoshi Nakamoto’s original Bitcoin whitepaper.
What is Satoshi?
A Satoshi (sat), named after Satoshi Nakamoto, its mysterious creator, represents the smallest unit of Bitcoin.
How many Satoshis are in a Bitcoin?
There are – and will always be – 100,000,000 Satoshis in 1 Bitcoin.
Why are Satoshis useful?
They come in handy for the global adoption of the cryptocurrency:
- Bitcoins are expensive today – but most people can afford to buy Satoshis on exchange platforms.
- Satoshis are more convenient when dealing with smaller amounts – 1,000 Satoshis vs. 0.0000001 Bitcoin.
- Satoshis make owning Bitcoin more substantial – 1,000 Satoshi is actually something.
As of today, there is no symbol for the Satoshi. Because the community hasn’t reached a consensus yet. But the smallest unit of the Bitcoin is becoming increasingly relevant with Bitcoin’s price. And a symbol would make it easier to communicate.
What are some other units of Bitcoin?
Bitcoin mirrors the International System of Units and its prefixes. Here are the most popular sub-units of Bitcoin:
- 1 dBTC (deci-bitcoin) = 0.1 BTC = 10,000,000 sat
- 1 cBTC (centi-bitcoin) = 0.01 BTC = 1,000,000 sat
- 1 mBTC (milli-bitcoin) = 0.001 BTC = 100,000 sat
- 1 μBTC (micro-bitcoin) = 0.000001 BTC = 100 sat
As a rule, the micro-bitcoin sub-unit is also called a “bit” by users.
What is BitcoinToSatoshi.com?
It is the easiest online Bitcoin to Satoshi converter! Visit this site to easily convert Bitcoin in Satoshi.
A question? Contact Us.