Good morning to you all, from me to you. Yeah i do understand that we all have different time zone but the mystery behind it all is that the days of the week are the same. I can say happy new week (monday). It is 2:36am right now on Nigerian time here as at the time of writing this post.
This morning i will be opening i eyes more about cryptocurrency as i continue from where i stop the last time but this morning bitcoin will be the case study that we will all be looking into for more understanding on how it works and how you can easily calculate your satoshi. I my first post about this topic i have discuss on what satoshi mean, and should in case you are new about everything you can still read the post and join the moving train so as not to get lost.
https://steemit.com/crypto/@olusolaemmanuel/crypto-currency-for-starter
It is easy to calculate and know your satoshi level on bitcoin. If you can still remember satoshi is the small or fractional unit of bitcoin and all this altcoin have a name they call the fractional unit of it e.g lutecoin fraction unit is know as litoshi and TBC is know known as kringle etc.
To have 1btc (1bitcoin) means you are having 100000000 one 100 thousand satoshi to make up 1btc.
Many people do get confuse about the conversion of bitcoin to satoshi, in this post i will be looking into it for more clear understanding.
SATOSHI
Looking at how many satoshi can make up 1 bitcoin and so on,i know i have given you a hint on it before now but i will still be doing justices to it again. An adage says: if the benefit of a thing is not known then the abuse it inevitable. I want you to have a good think over that and know your stand.
1BTC=100000000
0.01BTC=10000000
0.01BTC=1000000
0.001BTC=100000
0.0001BTC=10000
0.00001BTC=1000
0.000001BTC=100
0.0000001BTC=10
0.00000001BTC=1
That is a brief analysis on how bitcoin is been calculate and when ever you claim a faucfet you can tell from this point how close you are into having 1BTC and in the other hand if you are having about 5-7 bitcoin you can easily tell how many satoshi you have. In my next post if the grace is available in will be showing us on how to convert our satoshi to other altcoin and what it will be the result e.g converting 0.01 satoshi into litecoin. You should be able to know the value it will give.
Do upvote and resteem to help someone. Resteem it until it gets to those who needs it. Thanks
Thanks for the info,i think this is an eye opener, i know some things now also on cryotocurrency. Nice post
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Thanks,am happy the post has help you also,i will be happy to see more comment like this so has to know how the post have help individual
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Yeah your post have also been a help to me,that is why i do upvote and resteem it to help my folliwers too.know body is an island of knowledge
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Not trying to be rude, BUT I think everyone knows this...
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You can think everybody do know that, but remember the fact that everybody is not you. I tell you, you can think yiu do but many out there do not know it. You cant see it simple but it is logical in nature. Never amuse you know it all, the best thing is to keep on learning nothing is a waste. Thanks
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Thank you on this, you are doing justice in helping noobs such as myself a much better comprehension on cryptocurrency.
#cof
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@redsfallin am happy the post is helping people,because that is the major objectivr.
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@originalworks
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The @OriginalWorks bot has determined this post by @olusolaemmanuel to be original material and upvoted it!
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