The satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain.
satoshi is a structural part of the bitcoin cryptocurrency, which is one hundred millionth of bitcoin. The total structural component of 1 bitcoin (btc) is equivalent to 1000 millibits (mbtc), 1,000,000 microbe (mkbtc) or 100,000,000 satoshi.
A satoshi is the smallest unit of a bitcoin, equivalent to 100 millionth of a bitcoin. Bitcoins can be split into smaller units to ease and facilitate smaller transactions.
so, 1 bitcoin is equivalent to 1,000 millibitcoins (mbtc), 1,000,000 microbitcoins (btc), or 100,000,000 satoshis.
the unit is named after satoshi nakamoto, the author of the 2008 bitcoin whitepaper.
what is a satoshi? Each bitcoin (1 btc) can have a fractional part of up to 8 digits so 1.
as the smallest bitcoin unit recorded on the blockchain, a satoshi one hundred millionth of a single bitcoin (0. The unit, as its name might imply, has been named in homage to satoshi nakamoto the pseudonymous author(s) of the bitcoin white paper. Satoshi nakamoto elected to comprise bitcoin as a system of 100 million sub-units in november of 2008.
each bitcoin is equal to 100 million satoshis, making a satoshi the smallest unit of bitcoin currently recorded on the blockchain.
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