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Showing posts from February, 2024

What is a satoshi?

  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 of a bitcoin, many platforms will display the value in satoshi

Ledger to simplify crypto purchases with Coinbase integration

The collaboration will allow users to receive their purchased crypto directly to their Ledger devices. Hardware wallet provider Ledger and crypto exchange Coinbase have announced a collaboration to streamline crypto purchases and create an easier way to transfer assets from an exchange into self-custody.   In an announcement sent to Cointelegraph, the Ledger team highlighted that Coinbase’s on-ramp solution, Coinbase Pay, will be integrated into the Ledger Live application. This allows users to transfer their existing crypto asset holdings and transact directly from their desktop or mobile devices. This also means users can receive their crypto purchases directly on their Ledger devices. The team described the previous process of transferring crypto from an exchange and into self-custody as “a cumbersome process that left users vulnerable to potential errors.” In a statement, Ian Rogers, chief experience officer at Ledger, told Cointelegraph that before the collaboration, buying crypto

Top 3 Cheap Cryptos to Buy in February 2024

The crypto market offers a wide range of digital assets to invest in. While industry pioneers like Bitcoin and Ethereum seem appealing, their high prices make them difficult buys for many. Fortunately, there are cheap cryptocurrencies with amazing growth potential that investors can consider buying. Three such digital assets that seem poised for massive rallies in 2024 are Solana (SOL), Retik Finance (RETIK), and Shiba Inu (SHIB) .  Solana (SOL) - The Fast and Scalable Layer 1 Solana has become one of the most popular layer 1 blockchain networks in a short time. Despite criticism about its centralization and outages, Solana keeps expanding and cementing its place in crypto. It currently powers over 400 projects across DeFi, NFTs, Web3, and more. Solana (SOL), its native token, facilitates transactions, operations, and governance on the network. Solana (SOL) is currently trading around $101, which is still a long way from its all-time high of $260 in November 2021. However, consideri

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