.01 btc to mbtc

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1 mBTC to BTC (Milibit to Bitcoin) | convert, exchange rate

The satoshi is the smallest unit of the bitcoin cryptocurrency. It is named after Satoshi Nakamoto , the creator of the protocol used in blockchains and the bitcoin cryptocurrency. The satoshi to bitcoin ratio is million satoshis to one bitcoin. As of Sept. Unlike the physical versions of global currencies, such as the British pound or U. Despite this difference, a cryptocurrency can be divided into smaller units, just as the pound is broken into pence and the dollar into cents.

In the case of bitcoins, the smallest unit available is called the satoshi. The satoshi unit is named after Satoshi Nakamoto, the anonymous person or persons that published a white paper in that jumpstarted the development of the bitcoin cryptocurrency. The problem — that a digital currency or token can be used in more than one transaction — is not found in physical currencies, as a physical bill or coin can, by its nature, only exist in one place at a single time. The satoshi represents one hundred millionths of a bitcoin.

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What is Satoshi? Satoshi To BTC & USD Converters

Harsh Agrawal. An international speaker and author who loves blockchain and crypto world. Join us via email and social channels to get the latest updates straight to your inbox. Page Contents What is a Satoshi? Related Posts. Show Hide 2 comments. Leave a Comment Cancel Reply Your email address will not be published. Good work.

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