What is Cryptocurrency Satoshi ?
The size of Bitcoin's price has led to the need to separate it into smaller units. This makes transactions with Bitcoin much easier.
Satoshi is worth one hundred millionth of a Bitcoin. The general unit structure of Bitcoins is as follows.
- 1 Bitcoin (BTC) = 1.000 milibitcoin (mBTC)
- 1 Bitcoin (BTC) = 100.000.000 satoshi
- 1 satoshi = 0.00000001 Bitcoin (BTC)
For example, let's say 1 BTC is $50,000. 1 satoshi is $0.0005.