Small Fractions Of Bitcoin Are Called Satoshi

[Parishy]

Small Fractions Of Bitcoin Are Called Satoshi

Cyrptocurrencies like bitcoins can be broken down into fractions. This allows buyers to invest in 1/10 of a currency. For instance, if the value of Ethereum is $100, you can buy ½ or ¼. This is an opportunity for many people to invest and gain value over time. It also presents a chance for small scale investors to participate in the cryptocurrency market.

[BestW1shes]

So it is, the threshold of the investment entrance is low

[bitkilo]

Predefined Values:

1 Satoshi = 0.00000001 ฿
10 Satoshi = 0.00000010 ฿
100 Satoshi = 0.00000100 ฿ = 1 Bit / μBTC (you-bit)
1,000 Satoshi = 0.00001000 ฿
10,000 Satoshi = 0.00010000 ฿
100,000 Satoshi = 0.00100000 ฿ = 1 mBTC (em-bit)
1,000,000 Satoshi = 0.01000000 ฿ = 1 cBTC (bitcent)
10,000,000 Satoshi = 0.10000000 ฿
100,000,000 Satoshi = 1.00000000 ฿

[irikan50]

It is just like the term "cent" used for the small amount of the dollar i.e part of one dollar. As, the price od 1 BTC is equal to the thousand of dollars, so ithe small amounts say0.01 bitcoin will be categorized in Satoshi after the name of its inventor Satoshi Nakamoto.