Satoshis

Revision as of 11:31, 17 February 2020 by AlexMackay (talk | contribs)

What is Satoshi? How many Satoshi in a Bitcoin?

Satoshi is a structural part of the Bitcoin cryptocurrency, which is one hundred millionth of bitcoin. Such small units facilitate transactions with BTC. The total structural component of 1 bitcoin (BTC) is equivalent to 1000 millibits (mBTC), 1,000,000 microbe (mkBTC) or 100,000,000 Satoshi. The exact data is unknown, but it is assumed that Nakamoto can have 1 million BTC, and it is equivalent to 100 000 000 000 Satoshis.

A Satoshi is the smallest division of a bitcoin and the base unit of exchange on the Bitcoin SV network. There are 100,000,000 satoshis in 1 bitcoin. The unit is named after Satoshi Nakamoto, the pseudonymous author of the 2008 Bitcoin whitepaper.

Satoshis are represented as integers where 1 satoshi is the smallest unit of the Bitcoin cryptocurrency.

A single Bitcoin is a human construct, as any value of Bitcoin less than 100,000,000 satoshis are actually treated integers in the code, not decimals.