SATS Coin: What is it used for? What’s the connection to Bitcoin? Let me answer it!
Sats is the ninth inscription token on the Brc-20 protocol. Its full name is satoshis, which is the smallest unit of Bitcoin. It is referred to as Satoshi for short, and is also called Bitcoin Satoshi. 1 BTC = 100 million Satoshi. The total amount is 2100 trillion, corresponding to 21 million BTC. The market popularity even exceeds that of veteran-level Ordi.
SATS coin is a cryptocurrency issued by Satoshi Nakamoto, the inventor of Bitcoin. The purpose of SATS coin is to create a distributed, decentralized currency to conduct transactions in a more flexible, effective and secure way. SATS currency is currently recognized and supported by the blockchain technology company Multi-Dimension Financial Services (MDX).
What is the use of SATS coins?
The center of use of SATS coins is transactions. It can be used to deliver services to businesses, technology developers and investors to meet many different market needs. It can also be used in OTC markets to help participants access new opportunities and connect digital traders with traditional financial markets. In addition, the new technology of SATS currency trading can be used to promote in-depth trading in the financial market.
As a currency, SATS currency is considered safe and reliable and can operate in a variety of technical environments. It can be traded on Bitcoin exchanges or combined with the features of Bitcoin.
Eleven believes that although SATS coin claims to be created in memory of Satoshi Nakamoto, the founder of Bitcoin, in fact, like many tokens on the market, it is a token issued based on Ethereum and there is nothing special or innovative about it. place. There are already many similar or better payment tokens on the market, such as stablecoins such as USDT, USDC, and DAI, as well as cryptocurrencies such as ETH, LTC, and BCH. These tokens have wider application scenarios and higher liquidity, while SATS coins can currently only be traded and used on a few platforms.
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