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Satoshi

A Satoshi (SAT) is the smallest unit of Bitcoin (BTC), named after Bitcoin’s mysterious creator, Satoshi Nakamoto. One Bitcoin equals 100 million Satoshis (0.00000001 BTC), making it easier to conduct smaller transactions with Bitcoin.

How Satoshis Are Used:

  1. Micropayments:
    Satoshis enable small-value transactions, such as tipping or paying for digital services, without needing to transfer entire Bitcoin units.
  2. Fractional Ownership:
    Users can own fractions of a Bitcoin through Satoshis, making Bitcoin more accessible despite its high value.
  3. Trading and Fees:
    Exchanges and wallets often display Bitcoin balances in Sats to show smaller, more precise amounts during trades.
  4. Adoption in Lightning Network:
    The Lightning Network uses Satoshis to enable fast and low-cost transactions, promoting Bitcoin’s use for daily payments.

Satoshi to Bitcoin Conversion:

  • 1 Bitcoin (BTC) = 100,000,000 Satoshis (SAT)
  • 1 Satoshi = 0.00000001 BTC

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