bitcoin


SUBMITTED BY: martins

DATE: Nov. 26, 2016, 6:27 p.m.

FORMAT: Text only

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  1. Bitcoin is completely anonymous and decentralized currency, which operates worldwide. Bitcoin has some similarities with electronic money,but the principle of complete anonymity, lack of control and limited edition set it apart from the work of electronic payment systems. Coin Bitcoin is divisible up to 8 decimal places. 0.00000001 BTC is the minimal fraction of Bitcoin.
  2. 1 BTC = 1 Bitcoin (1 BTC).
  3. 0.01 BTC = 1 cBTC (1 Bitset, 1 Bitcoin cent).
  4. 0.001 BTC = 1 mBTC (1 Milli-bitcoin).
  5. 0.000001 BTC = 1 micro-bitcoin.
  6. 0.00000001 BTC = 1 Satoshi (smallest fraction of a coin bitcoin, named after the Creator of Bitcoin, Satoshi Nakamoto)

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