What is a Satoshi?
Bitcoin, the world’s first cryptocurrency, has a unit called “Satoshi”.
A Satoshi is the smallest unit of Bitcoin. It is named after Satoshi Nakamoto, the creator of Bitcoin. Each BTC is divisible until the 1/10^8 part. A unit of Satoshi is equal to 0.00000001 bitcoin.
Official Units of Bitcoin
Since Bitcoin’s inception, it has only ever had two official units- Bitcoin and Satoshi.
In 2015, Bitcoin was included under ISO 4217 which does standardization for currencies.
After that, the following naming conventions have been used:
Other conversion factors used are:
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 = 100 Satoshis