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In our crypto guides, we explore bitcoin and other popular coins and tokens to help you better navigate the crypto jungle.
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A Satoshi is the smallest unit of measure for the price of bitcoin.
A single satoshi, or “Sat”, is equal to 100 millionths of a bitcoin.
A bitcoin (BTC) can be divided all the way down to 8 decimal places or 0.00000001 BTC.
100 million sats are equivalent to 1 bitcoin.
Satoshis are named after Satoshi Nakamoto, the secretive founder of bitcoin (BTC).
Bitcoin (BTC) is most well known as a digital decentralized cryptocurrency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries, such as payment gateways or banks or routing services. Think of bitcoin as Internet money, that you can send and receive directly, to and from anyone, and you can use it to pay for stuff.
Satoshi Nakamoto is the name of the person (or persons) credited for the creation of bitcoin (BTC). His or her true identity is unknown even to this day, although several people have come forward claiming to be Nakamoto.
Shiba Inu (SHIB) is an ERC-20 token built on Ethereum that’s reported to be 100% run by its community. “The Dogecoin killer” is the second most famous altcoin and meme coin behind Dogecoin, even though it has a faithful army of 500,000 members called the SHIB Army promoting it on social media.
The halving reduces the rate at which new bitcoin is created, specifically reducing block rewards, and in effect, reducing the incentive for miners to continue their work of securing the network.
In blockchain security, the pseudonymous nature of certain blockchains keeps a network user’s identity hidden from other network users while still linking all of the transactions made by that person to a pseudonymous identity that CAN be tracked by almost anyone.
If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception, it is a prevailing attitude.Colin Powell