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What are Satoshis (Sats)?
A satoshi is the smallest unit of Bitcoin, named after its pseudonymous creator, Satoshi Nakamoto. One Bitcoin is divisible into 100,000,000 satoshis.
This division allows for microtransactions and the ability to represent smaller amounts of value within the Bitcoin network. For example, 0.001 Bitcoin is equivalent to 100,000 satoshis.
The use of satoshis makes it easier to discuss and transact smaller amounts of Bitcoin. As the value of Bitcoin changes, the equivalent value in satoshis adjusts accordingly.