Dropee question of the day code 20 December What is the smallest unit of Bitcoin$1

Dropee Code of the Day December 20 Question: Here’s the answer to Dropee’s Question of the Day: What is the smallest unit of Bitcoin$1 and the answer is Satoshi

Date code question dropped today December 20, 2024

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Here is today’s code Q&A for December 20th.

QUESTION: What is the smallest unit of Bitcoin$1

ANSWER: Satoshi

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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 small transactions, making it versatile for microtransactions and practical in cases where the entire Bitcoin is too valuable.

For example, if Bitcoin was worth $50,000, one Satoshi would be equivalent to $0.0005 (five-tenths-thousandths of a coin). This ability to precisely divide is one of the key features of Bitcoin, allowing it to be used even as its value increases.

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