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Bitcoins and Satoshi

Bitcoins and Satoshi

Bitcoin or in short form BTC is a decentralized digital currency that enables instant payments to anyone, anywhere in the world, without any fees. Bitcoin uses peer-to-peer technology to operate without any central authority or bank. The transaction management and money issuance are carried out collectively by the network.

A satoshi (sat) is a small fraction of a Bitcoin (Btc). The unit has been named “satoshi” in collective homage to the founder of Bitcoin, Satoshi Nakamoto. Satoshi are to Bitcoin like Pennies are to Dollars. 1 Satoshi = 0.00000001 ฿ 10 Satoshi = 0.0000001 ฿ 100 Satoshi = 0.000001 ฿ 1,000 Satoshi = 0.00001 ฿ 10,000 Satoshi = 0.0001 ฿ 100,000 Satoshi = 0.001 ฿ 10,0000,000 Satoshi = 1 ฿

 

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