de·nom·i·na·tion
2. the face value of a banknote, coin, or postage stamp.
Denomination in a currency means the amount set on coins, banknotes, gift cards and etc
bitcoin in form of digital/crypto currency doesn't have standard preset denominations
I think there are total 10 denominations of bitcoin. These are Satoshi, Microbit, Millibit, Centibit, Decibit , Bitcoin and some more also. Could you please clarify a bit more??2
Bitcoin – BTC – (1 full Bitcoin)
MilliBitcoin – mBTC – (1 thousandth of a BTC) – BTC 0.001
MicroBitcoin – uBTC – (1 millionth of a BTC) – BTC0.000001
Satoshi – 0.00000001
those are called subunits, fraction of the main unit (whole bitcoin)
and denomination is a number in front of the unit
as for fiat from dollar ($) to cents (¢),
in Bitcoin from bitcoin (
BTC) to milibitcoin (m
BTC) to microbitcoin (u
BTC) to satoshi
cmiiw, but that's how I perceive denominations and units in currency