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Monday, June 15, 2015

What Is Satoshi

 What Is Satoshi ?

Most cryptocurrencies are measured in reference to the value to that of Bitcoins. However, the value of many alternative crypto-coins is tiny when compared to the very expensive Bitcoin. Therefore, a common measurement unit is the Satoshi which is 100,000,000th of a Bitcoin.
Bitcoin is the reference coin and current foundation of cryptocurrency. This alternative currency is established enough now that it can be bought for fiat (or cash) through many options. Many newer cryptocurrency options are becoming popular, and most of them are obtained through the trading of Bitcoins. The values these new coins are often measured in their values versus Bitcoin. If you are going to buy a crypto-coin and must use Bitcoin to do it, you will need to know how much that coin is worth in Bitcoins. 
MilliBitcoin = 1000th of a Bitcoin. | .001 BTC = 1 MilliBitcoin MicroBitcoin = 1,000,000th of a Bitcoin. | .000001 BTC = 1 MicroBitcoin Satoshi= 100,000,000th of a Bitcoin. | .000000001 BTC = 1 Satoshi 
The Satoshi term is named for Satoshi Nakamoto, the pseudonymous person or 
group that designed and created the Bitcoin protocol.

0.00000001 BTC = 1 satoshi
0.0000001 BTC = 10 satoshi
0.000001 BTC = 1 uBTC (micro)
0.00001 BTC = 10 uBTC
0.0001 BTC = 100 uBTC
0.001 BTC = 1 mBTC (milli)
0.01 BTC = 10 mBTC
0.1 BTC = 100 mBTC
1 BTC = 1 BTC
10 BTC = 10 BTC
100 BTC = 100 BTC
1.000 BTC = 1 kBTC (kilo)
10.000 BTC = 10 kBTC
100.000 BTC = 100 kBTC
1.000.000 BTC = 1 MBTC (mega)
10.000.000 BTC = 10 MBTC

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