With the price per Bitcoin unit above $30,000 (at the time of writing), many people understand that they must have this amount of money to get their hands on Bitcoin.
This is where the smaller denominations come in, helping to split up each Bitcoin unit and thus facilitating transactions. And since all transactions involving Bitcoin are done online and are encrypted, the smaller units help make these transactions more readable and understandable.
In this short article, we will try to provide answers to the questions that arise about this word.
What is a satoshi?
Satoshi is the smallest unit that is recorded on Bitcoin blockchains. It alludes to the supposed creator of Bitcoin, Satoshi Nakamoto. We say alleged since his identity is unknown, which at the same time adds an "attractive" mystery to Bitcoin.
Satoshi, also known by its abbreviation SAT, is increasingly being used in talks related to the crypto space and blockchain technologies.
How much is a satoshi worth?
One unit of Bitcoin (BTC) is equivalent to 100,000,000 satoshis.
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