RE: Bitcoin Lightning Network App in Testing

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Bitcoin Lightning Network App in Testing

in bitcoin •  7 years ago 

i can't wait to see it start working soon. sometime the transaction fee on bitcoin is so discouraging on some wallet. But if i may ask, why is this wallet showing in SATOSHI why not in bitcoin?

bitcoin
7 years ago by

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      ·  7 years ago 

    Satoshis are the name for the smallest unit of Bitcoin.

    For example, for USD we have Dollar = $1.00, Cent = 1/100 of a dollar ($0.01).

    For Bitcoin, there's "bitcoin" which means 1.00000000 bitcoin, a couple more denominations (such as "mBTC" which is 0.001 BTC), and "satoshi" which represents 0.00000001 BTC. Satoshi is the smallest denomination and obviously was named after Satoshi Nakamoto, the creator of Bitcoin.

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