A dollar is divided into 100 cents, a pound is divided into 100 pence, a Yuan is divided into 10 jiao and a jiao is divided into 10 fen... so what’s a Bitcoin divided into?
A Bitcoin is divided into a unit of cryptocurrency known as Satoshis. Each Bitcoin is divisible down to eight decimal places, which means that a single satoshi is equal to one-hundredth millionth of a Bitcoin. To put it another way, 100 million Satoshis make up one Bitcoin.
The satoshi is named after Bitcoin’s ‘founder’, Satoshi Nakamoto. Recently, Satoshis have been referred to as SATs more in everyday cryptocurrency conversations.