A satoshi is the smallest unit of a bitcoin . It equals one-hundred-millionth of a bitcoin or 0.00000001 BTC . As such, one bitcoin equals 100 million satoshi. The satoshi was named as an homage to the anonymous creator or creators behind Bitcoin , Satoshi Nakamoto. The satoshi is often abbreviated as sat. 1 satoshi = 0.00000001 BTC It’s necessary for a currency to be able to be divided into smaller subdivisions if it aims to act as a global medium of exchange. Fiat currencies can be divided into smaller denominations, such as the penny for the British pound or the cent for the US dollar. Bitcoin, as a digital currency, can also be divided into smaller denominations. As defined by the Bitcoin protocol, a single bitcoin can’t be divided further than 1 satoshi. All amounts on the blockchain are denominated in satoshi but are typically converted to bitcoin by most platforms. However, when considering small fractions...