📝 Definition:
A Satoshi is the smallest unit of Bitcoin.
Think of it like the penny to Bitcoin’s dollar, but way smaller.
It’s named after Bitcoin’s mysterious creator, Satoshi Nakamoto.
🔑 Key Features:
- Tiny Bitcoin Pieces: One Satoshi is a tiny fraction of a Bitcoin (BTC).
- Basic Unit: It’s used to break down Bitcoin transactions into smaller amounts.
- Named for a Founder: It gets its name from the pseudonymous creator of Bitcoin.
⚙️ How It Works:
- Dividing Bitcoin: One Bitcoin is divided into 100,000,000 Satoshis.
- Microtransactions: Satoshis makes it possible to send very small amounts of Bitcoin, useful for microtransactions.
💡 Applications:
- Small Payments: Perfect for tiny purchases where using a whole Bitcoin would be too much.
- Tipping Online: Sathosis are often used for tipping small amounts on social platforms or for online services.
- Learning and Testing: Great for experimenting and learning about Bitcoin without big risks.
🔍 Example:
Imagine breaking a single dollar into a hundred million smaller pieces.
If Bitcoin was that dollar, each tiny piece would be a Satoshi.
You could use a few Satoshis to tip a helpful online guide or buy a digital sticker.
This makes Bitcoin an option to pay, even for small amounts.