Dropee question of the day code 20 December What is the smallest unit of Bitcoin$1
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Updated Dec 20, 2024
Today's Dropped Question of the Day Code 20 December 2024
We have the answer to Dropee Question of the Day Code December 20, 2024 puzzle. This answer will help you finish the puzzle you’re working on.
Here is the today's dropee question of the day code Answers for 20 December.
QUESTION: What is the smallest unit of Bitcoin$1
ANSWER: Satoshi
The smallest unit of Bitcoin is called a Satoshi, named after Bitcoin's creator, Satoshi Nakamoto. One Satoshi represents 0.00000001 Bitcoin (BTC), which is one hundred millionth of a Bitcoin. This small denomination allows Bitcoin to be used for very tiny transactions, making it versatile for microtransactions and practical in cases where a whole Bitcoin is too valuable.
For instance, if Bitcoin is worth $50,000, then one Satoshi would be equivalent to $0.0005 (five ten-thousandths of a cent). This precise divisibility is one of Bitcoin's key features, enabling its use even as its value increases.
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