How can sats be used as a measure of value in Bitcoin transactions?

3 answers

• Nov 24, 2021 · 3 years ago
  Sats, short for satoshis, are the smallest unit of Bitcoin. They are used to measure the value of Bitcoin transactions. 1 Bitcoin is equivalent to 100 million sats. By using sats, it becomes easier to deal with smaller fractions of Bitcoin, making it more practical for everyday transactions. For example, instead of saying '0.00000123 Bitcoin,' you can simply say '123,000 sats.' This simplifies the process and makes it more user-friendly.
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• Nov 24, 2021 · 3 years ago
  Sats, also known as satoshis, are named after the creator of Bitcoin, Satoshi Nakamoto. They are used to measure the value of Bitcoin transactions. Sats allow for greater precision when dealing with small amounts of Bitcoin. For instance, if you want to send someone a small amount of Bitcoin, like 0.00000123 BTC, it can be expressed as 123,000 sats. This makes it easier to calculate and communicate the value of the transaction.
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• Nov 24, 2021 · 3 years ago
  Sats, short for satoshis, are a unit of measurement for Bitcoin transactions. They represent the smallest fraction of a Bitcoin and are used to measure the value of transactions. For example, if you want to buy a coffee for 0.00005 BTC, you can express it as 5,000 sats. This simplifies the transaction process and allows for more precise value calculations. At BYDFi, we support the use of sats as a measure of value in Bitcoin transactions, as it enhances usability and accessibility for users.
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