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Author Topic: Understanding Bitcoin unit divisions.  (Read 1989 times)
OLIGO
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November 15, 2017, 10:37:37 AM
 #21

Thanks! Grin
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November 18, 2019, 01:09:54 PM
 #22

Below, a brief summary of Bitcoin Units:

Code:
A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC.
In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.

Further examples of units
•1 BTC = 1,000 mBTC (millibitcoin)
•1 BTC = 1,000,000 μBTC (microbitcoin)
•1 BTC = 100,000,000 Satoshis
•1 mBTC = 100,000 Satoshis
•1 μBTC (microbitcoin) = 100 Satoshis

You only cover a part of existing units. There are also kBTC, hBTC, dBTC and cBTC. A explanation is provided on the following blog article I recently found https://cryptovoyager.wordpress.com/2019/10/19/the-units-in-bitcoin-a-detailed-explanation/
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