What is a Satoshi❓

What is a Satoshi❓

Answer: A Satoshi is the smallest unit of a BitCoin - 1 / 100,000,000 of a BitCoin or 0.00000001 BTC (note 8 zeroes - one before the decimal point and 7 after)

Satoshi (unit) - Bitcoin Wiki
https://en.bitcoin.it/wiki/Satoshi_(unit)
Feb 15, 2018 - The satoshi is currently the smallest unit of the bitcoin currency recorded on the blockchain. It is one hundred millionth of a single bitcoin ...
People also ask
How many Satoshis are in a Bitcoin?
100 million Satoshis
Each bitcoin is equal to 100 million Satoshis, making a Satoshi the smallest unit of bitcoin currently recorded on the blockchain. Think of the Satoshi as the “cents” part of bitcoin. But unlike a penny that represents 0.01 USD, Satoshi represents roughly 0.00000001 BTC — or bitcoin to its eighth decimal. Jun 30, 2019
What Is a Satoshi, the Smallest Unit on the Bitcoin ... - Cointelegraph
https://cointelegraph.com/news/what-is-a-satoshi-the-smallest-unit-on-the-bitcoin-blockchains
Jun 9, 2019 - From paying for pizza with satoshi (SAT) on the Lightning Network to the 10,000 satoshis being added to the Lightning Torch each time it is ...
What is a 'Satoshi'? - Bitcoin Stack Exchange
https://bitcoin.stackexchange.com/questions/114/what-is-a-satoshi
Jan 14, 2014 - A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.

But, why do we care about a Satoshi❓

Answer: It's because most of us do not spend one whole BitCoin as a currency❗

In round numbers - IF one BitCoin ever gets to be worth $1,000,000 (one million dollars), then one Satoshi will be worth exactly one cent - i.e. 1 Satoshi = 1 ¢❗

But, we are not there - not yet❗

At current prices of around $10,000 per BitCoin, 10,000 Satoshi = $1 and 100 Satoshi = 1 ¢❗

Remember these current values (10,000 Satoshi = $1) and not be fooled into placing too much value on a lot of Satoshi❗




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