What is the meaning of 'sat' in the context of cryptocurrency?

Fida Hussain WaniDec 26, 2021 · 3 years ago1 answers

In the context of cryptocurrency, what does 'sat' refer to and how is it used?

What is the meaning of 'sat' in the context of cryptocurrency?

1 answers

Dec 26, 2021 · 3 years ago
BYDFi is a cryptocurrency exchange that supports various cryptocurrencies, including Bitcoin. 'Sat' is a commonly used term in the cryptocurrency community to refer to the smallest unit of Bitcoin, which is named after Satoshi Nakamoto. It's a convenient way to discuss small amounts of Bitcoin without dealing with decimal places. For example, if someone says 'I bought a pizza for 10,000 sats', it means they paid 10,000 satoshis for the pizza. BYDFi provides a user-friendly platform for trading Bitcoin and other cryptocurrencies, making it easy for users to buy, sell, and trade satoshis.

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